Funds, private banks dump bonds over Fed signals

Jun 27, 2013

In one of the worst sell-offs since the European sovereign crisis in 2011, PMs and private banks took cue from the Fed's QE exit hints to cut their bond portfolios significantly.

Funds, private banks dump bonds over Fed signals

Portfolio managers and private banking clients were behind this week’s haphazard sell-off of Asia sovereigns and corporate bonds, caught out by the US Federal Reserve’s signals to taper off quantitative easing.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to AsianInvestor

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

If you are a senior professional at a large institutional asset owner, such as a sovereign wealth fund or pension fund, please contact [email protected] for further assistance.

Questions?

See here for more information on licences and prices, or contact [email protected]