Investec sees rush to bond funds

Investec Asset Management reports Hong Kong retail investors are snapping up its fixed-income funds in the wake of sagging global economies. It began marketing a US dollar high-yield bond fund earlier this year and has seen demand in Hong Kong rise $1 million per week for the past two months, says Stewart Aldcroft, managing director. “It is selling better than any of our equities funds,” he says. “It is suitable for this falling interest-rate environment.” The same goes for euro and o…