High yield managers are looking instead at Macau gaming, Indian renewable energy and Indonesian corporate credits.
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High yield managers are looking instead at Macau gaming, Indian renewable energy and Indonesian corporate credits.
The Geneva-headquartered wealth manager also said that investors should be selective when it comes to fixed income.
Investment grade bonds and Treasuries could offer attractive opportunities due to the rise in interest rates.
Investors should look at increasing high-quality debt exposure as the economy heads south.
The fixed income sector took a turn for the worse in 2022.
A majority of Schroders’ global credit income fund is invested in investment grade bonds.
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.
High yield bonds are the best performing asset class within fixed income year-to-date, but higher capital gains are in investment grade bonds, according to Pierre Chartres, London-based fixed income specialist at M&G Investments.
China is the biggest risk for the regional high-yield sector, according to Rick Mattila, international head of research at MUFG Securities.
Part of the Mark Allen Group.