European high yield is proving particularly popular, say fund managers, despite the risks involved. Meanwhile, some favour Asian junk bonds.
Asian companies new to issuing bonds can cut financing costs by providing more information to investors, argue fixed income managers.
While generally positive on the opportunities in Asia’s high-yield credit market, fund managers do have concerns, not least about the risks of CNH bonds.
VIDEO: Gregor Carle, fixed-income investment director at Fidelity International, discusses challenges to global bond investors, and how the Asian markets for both dollar-denominated and local-currency issues can offer value and diversification.