Asian US dollar bonds have not only withstood the worst of the Covid-19 volatility so far but have come out as attractive as ever – offering investors opportunities to pick value at various points of the yield curve.
Life insurance firms in Asia and globally are said to be seeking infrastructure investments to source reliably strong returns while reducing their interest in poorly performing real estate.
A sizeable number of troubled high yield bonds are from private equity-backed companies. What are the chances their general partner owners will help bail them out?
Regional life insurance firms holding corporate bonds that have been downgraded to junk would need to sell them to maintain solvency ratios and capital requirements.
Elizabeth Soon, head of Asia ex-Japan equities, says unpredictable markets puts the focus on companies robust enough to survive the crisis and gain market share over the long term.
Wealthy Asian families have abundant dry powder but are largely holding fire on investments. Property, for instance, is expected to fall further, but Reit opportunities look to be emerging.