Eric Mogelof will transfer from the US asset manager’s New York office next month to take up the role. The firm is also set to name a new Australia head.
Fixed income
The great rotation from fixed income to equities is yet to occur. But the future of the asset class is up for debate as the Federal Reserve looks to taper its QE programme.
The firm launches five RMB-hedged retail funds with exposure to asset classes across Asia, Europe and the US, saying the universe is too limited for the world's largest offshore RMB hub.
Managers of emerging market corporate debt have mixed views on the role FX moves will play amid the flood of US dollar issuance coming out of China’s property sector.
With the US having exited quantitative easing and Japan doubling down on stimulus, Jim Caron of Morgan Stanley Investment Management sees European debt as attractive given low interest rate risk.
The region's debt markets are developed, stable and attractive enough to provide meaningful diversification, but access and liquidity issues remain hurdles for investors, says SSgA's Kevin Anderson.
There are cautiously optimistic expectations that inflation will decline and the Fed's rate hike cycle has peaked. That opens up opportunities for emerging market bonds to shine, according to some investment managers.
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In partnership with M&G Investments
As we enter 2024, financial markets are at a major crossroads. With inflation coming down and central banks’ rate hikes on hold, the big question for investors is: what happens next? With views ranging from a ‘soft landing’ to recession, and from ‘higher for longer’ interest rates to rate cuts, the path ahead is uncertain.
In partnership with PineBridge Investments
Strong credit fundamentals across Asia are expected to continue to bode well in 2024 but selectivity remains key. PineBridge’s co-heads of Asia ex Japan fixed income, Omar Slim and Andy Suen, share their convictions for Asia investment grade and high yield this year.
India is one of the best investment markets right now, the CIO of an insurance company told AsianInvestor.
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The insurer is assessing an active Chinese equity mandate to capture alpha return by selecting sectors, industries, and companies.
India's inclusion in a widely tracked emerging market debt index suite will also bolster the local currency's value against the US dollar, said HDFC Pension Fund Management's Sriram Iyer.
Strategic gains to be made from the current interest rate environment as well as duration matching benefits, investment heads say.
