Investors seeking EM returns must be fast, but wary

Amid lacklustre yields from US government and corporate bonds and European equity markets, asset managers underweight emerging markets have a lot of catching up to do to boost exposure. But caution is the name of the game, say market participants, particularly around riskier assets such as junk bonds. Speaking on a panel at AsianInvestor's Asian Investment Summit in Hong Kong last week, French insurer Axa Asia, Aberdeen Asset Management and Indonesian civil service pension fund …