Cheap valuations and a more sanguine outlook for the global economy are attracting dedicated Asia bond managers.

Cheap valuations and a more sanguine outlook for the global economy are attracting dedicated Asia bond managers.
A divergence in country-level dynamics and continued China headwinds curb the firm’s enthusiasm for Asian bonds, despite expectations of a broad asset price recovery.
With 61% of her fund’s portfolio in China corporate bonds, Pheona Tsang, head of fixed income at BEA Union Investment, is monitoring rising US interest rates and the impact on Asia bonds.
Among higher-yielding investment choices, Asian local currency bonds have generated fairly consistent returns over the past years, said Kheng Siang Ng, Asia-Pacific head of fixed income at State Street Global Advisors (SSGA).
Part of Mark Allen.