Tag : western asset

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.

They see it as a natural progression, although timing remains uncertain, after China's central bank moves to curb speculation by proposing the next step to full convertibility.

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 US bond manager has almost finished replacing and expanding its Singapore-based unit of portfolio managers and analysts.

Western Asset debates the durability of the recent shift in power from rich industrialised countries to emerging markets.

Investors are captivated by fear of default contagion, driving market liquidity to determine sovereign solvency. This is wrong, but there is reason for optimism, says Western Asset.

Western Asset has hired Lian Chia-Liang to head its Asian fixed-income investment team in Singapore.

While generally positive on the opportunities in Asia’s high-yield credit market, fund managers do have concerns, not least about the risks of CNH bonds.

Rajeev De Mello is leaving Western Asset in Singapore.

The ‘other’ king of the bond world, Kenneth Leech, is still optimistic about Asia despite it assuming the burden of tighter monetary policy.

Portfolio manager Rajeev de Mello says he is building exposure back up to corporate bonds and is starting to buy in Malaysia, the Philippines and Korea.

Rajeev de Mello talks about Asian currency appreciation, the appeal of short-term corporate debt and his plans to invest in renminbi bonds issued in China and Hong Kong.