Asset managers dismiss Asia bond market fears

Arguments for strategic reallocation from developed to emerging market debt and for finding a new safe haven have never been as compelling, asset managers agreed at AsianInvestor’s summit last week in Hong Kong. Both from a fundamental and a returns perspective, they argued the case for Asian bonds, while seeking to assuage fears over policy-rate risk and the impact of the European sovereign debt crisis on local markets. Asia’s local currency bond market now stands at $5 trillio…