Western Asset readies new Asian bond fund

Western Asset will unveil a Dublin-domiciled Asian fixed income offering in the coming months, following its flagship Asian Opportunities Fund's recent inflows. The new strategy will begin trading with $20 million and give offshore investors exposure to Asian credit markets, says Henry Hamrock, head of Singapore and North Asia client service and marketing executive. This follows the firm's launch of an Asian high-yield bond strategy for Japanese investors in March, which allows …