Although the past 12 months have been challenging for the emerging Asia fixed-income market, Western Asset still sees opportunities in the region, especially in North Asia whilst staying clear of frontier markets like Mongolia.
Asia bonds as a whole have underperformed losing more than 6% over the past 12 months. But amid the downward adjustment comes more attractive valuations, highlights Western Asset, which is a fixed income management investment company and wholly-owned subsidiary of Legg Mason, an asset manager with about $679.9 billion of assets under management AUM.
“When we look at fundamentals, Asia remains strong versus the rest of the emerging markets and the global...
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