Western Asset sees better prospects for corporate bonds
Fund managers at Western Asset Management believe asset allocation shifts from pension funds into credit is helping boost demand for corporate bonds.
Ian Edmonds and Mike Story are London-based portfolio managers at Western Asset Management, which manages around $473 billion worldwide. Ian and Story share with AsianInvestor their views about the global bond market.
Do you believe the recent rally in non-government bonds is sustainable?
Story: During the crisis, investors flooded into money market funds in a safe haven bid. They have only gradually begun to reallocate towards riskier asset classes. We do believe there is still a l…
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