Portfolio manager Bryan Collins does not expect to see mainland bonds included in global bond benchmarks for at least a year. He also plays down concerns about the onshore debt market.
The fund house has seen its Asia fixed income assets grow 50% in the past year off the back of rising investor interest, and expects them to at least double within the next five years.
In the second of a two-part article on China's debt markets, fixed income managers outline the opportunities they see and how to play them.
Among other things, the Hong Kong Investment Funds Association wants to see covenants honoured, rebates dropped and ratings requested.