Asian instos seen ditching EM debt amid turmoil
Asia Pacific investors plan to allocate more to Chinese bonds over time, but emerging markets look set for a rocky 2020 in light of the pandemic and renewed US-China squabbling.

Rising Sino-US tensions should not deter Asian asset owners from allocating more to Chinese bonds over time, but they are likely to favour developed market sovereign bonds over emerging market debt amid the current turmoil, says Invesco’s head of Asia Pacific fixed income.
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