BBB bonds have mushroomed and fixed income, particularly high yield, has become a hot asset class in Asia again, according to Rachel Harris, senior investment director for credit at Aviva Investors.

BBB bonds have mushroomed and fixed income, particularly high yield, has become a hot asset class in Asia again, according to Rachel Harris, senior investment director for credit at Aviva Investors.
Despite the recovery in equity markets this year, JP Morgan’s flagship global income fund allocations reflect an environment of slowing earnings growth and rising macroeconomic risks.
The original deadline in April has not given much time for distributors and fund managers to implement changes.
The main risk is not from the US-China trade tension, which Vietnam could actually benefit from, according to Quynh Le Yen, Ho Chi Minh-based portfolio manager at Dragon Capital.
The best emerging market funds are those which have stuck to the four countries first promoted as the Bric nations by Goldman Sachs 18 years ago.
Fixed income and multi-asset funds were the most searched for products by Asia’s private banks and wealth managers in March, according to data provided by Fund Info.
The firm reported 40%-plus drops in wealth and asset management results in 2018.
Investors should also bring down expectations of double-digit market returns over the next 10 years, according to Khiem Do, head of Greater China investments for global markets at Barings.
US interest rates on hold, a stabilised dollar and more synchronised global growth rates support emerging market debt prices, argues Merian fixed income director Huw Davies.
Lee Woon Shiu joins DBS Private Bank as the regional head of wealth planning, family office and insurance solutions.
Part of the Mark Allen Group.