High-yield sales are still a fraction of investment-grades but fund managers tell AsianInvestor they are seeing more opportunity in BBB-rated bonds and lower, rather than higher grades.
The enlargement of the Bond Connect scheme, announced on Wednesday (Sep 15), gives Chinese investors another option for allocating capital offshore.
Generally, however, Asian pension funds’ allocations to alternative assets demonstrated only a modest increase of 0.6% from 2019 to 2020.
Stuck between low yields and the need to include fixed income in their portfolios, institutional investors like Cbus are getting creative with their approach to income investing.
The country’s issuance of sustainable debt should flourish, but it needs to improve its rules, standards and research.
The mounting appeal of China's local bond market is being counterbalanced by its lack of quality research and paucity of good information about companies' ESG track records.