Aberdeen AM defends value proposition of Asian bonds

Asian bond yields won’t be hit by as big a shock as the market anticipates because expectations of aggressive monetary tightening to combat inflation are overplayed, says Aberdeen Asset Management. In an interview with AsianInvestor, Adam McCabe, senior portfolio manager for Asian fixed income at the firm, sets out to defend the value proposition of Asian bonds in the context of the present macroeconomic backdrop. He argues that policymakers have shifted away from simply raising short…