Hong Kong dollar bond funds have remained firm amid the recent bout of volatility in the normally staid currency.
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Hong Kong dollar bond funds have remained firm amid the recent bout of volatility in the normally staid currency.
Developed government bond yields just aren’t there and the firm’s multi-asset product managers instead look for more niche fixed income.
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.
BNPP AM has raised $170m from private banks in the region for a fixed maturity plan, according to Karan Talwar, Hong Kong-based investment specialist for emerging market fixed income.
Fixed income managers have promoted products with highly flexible mandates in response to shifting investor sentiment.
High yields are available in oversold, short-dated credit assets, argues Eoin Walsh, portfolio manager at Twenty Four Asset Management.
Turmoil in global equities markets and fears of an economic slowdown drove investors to investigate fixed income havens last year, FE data shows.
The firm also likes onshore China bonds, despite the potential for an escalation of the trade war with the US.
How did fixed income funds respond to the gradual withdrawal of liquidity, rising interest rates and volatility in 2018?
Ivan Fong, vice president and senior product manager, sees opportunity in local currency EM bonds, but is closely watching trade tensions between China and the US.
Part of the Mark Allen Group.