Spreads are at historically tight levels, but portfolio managers believe asset allocators would be unwise to throw in the towel just yet.
They doubt the Fed's third round of quantitative easing will drive inflows into the region's debt market or solve any of Asia's long-term economic problems.
The days when the stigma of failure was attached to product closures are long gone as managers adapt to market realities after the global financial crisis, says Baring Asset Management.
Sean Chang, the firm’s new head of Asian debt investment in Hong Kong, says Baring Asset Management will focus more on its Asian fixed income business.
ING Investment Management says Patrick Chia will not be continuing with the firm, having been there just three months. It may look overseas for a replacement, in what is expected to be a trend.