US asset manager Neuberger Berman plans to launch a range of global emerging market and Asian bond strategies after hiring a new team from ING Investment Management.
Tag : emerging market
Instead, they are increasingly bullish on bonds, particularly emerging-market and high-yield instruments, according to the UK bank's quarterly investor survey.
The product provides an interest rate hedging alternative in certain Asian markets where there is little else available.
Normalcy has nearly returned to the fixed-income market, says Deutsche Bank Private Wealth Management, and despite the recent widening of high-yield bond spreads, the firm still prefers investment-grade bonds.