Rich Asia Investors Face Rising Risk in Leveraged Bond Funds

World News: . []

Rich Asia Investors Face Rising Risk in Leveraged Bond Funds“When you put a number of high-yield issuers from a single sector into a fixed-maturity product portfolio, is there diversification?” said Desmond Soon, head of investment management for Asia ex-Japan at Western Asset Management. Fixed-maturity products typically offer investors a targeted yield, and there is less transparency compared to regular funds that disclose what they buy and track a benchmark, according to Rahul Banerjee, founder of Bondevalue, a fintech firm that focuses on Asian bond markets. “We have more than 100 issuers in the fixed maturity fund and it is broadly diversified by borrowers and geography,” said Alexandre Bouchardy, head of Singapore asset management at Credit Suisse Group AG.


Read More: https://finance.yahoo.com/news/rich-asia-investors-face-rising-015148529.html

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