The firm will soon roll out a Dublin-domiciled Asian fixed income product. It also expects more Japanese money to flow offshore and sees Philippine bonds as particularly attractive now.
Asian fixed income has hit record levels of foreign ownership, but stickier offshore investors should preclude a 1997-style crash, says Western Asset's Lian Chia-Liang.
The fund house aims to capitalise on Japanese pension plans' growing interest in new investment types, including Asian fixed income and certain alternatives.
Sean Chang, the firm’s new head of Asian debt investment in Hong Kong, says Baring Asset Management will focus more on its Asian fixed income business.
Sabita Prakash, head of fixed income at Fidelity Worldwide Investment, explains how European market turbulence is spurring the development of deeper fixed-income markets in Asia.