HALISTER1: Aberdeen Overweight on Indian Bonds on Domestic Ownership

Aberdeen Overweight on Indian Bonds on Domestic Ownership

(Bloomberg) -- India’s local-currency bonds have been more stable than peers in Asia given they are largely owned by domestic investors, Kenneth Akintewe, senior investment manager for fixed income in Asia at Aberdeen Asset Management says in a press briefing in Hong Kong.
  • Modi’s decision to ban large bank notes will hurt growth in the short term and result in lower inflation, making room for rate cuts and pushing bond yields lower, he says
  • Aberdeen also favors local-currency bonds in Indonesia, Malaysia and Sri Lanka
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Source: BFW (Bloomberg First Word)

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ADN LN (Aberdeen Asset Management PLC)

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Kenneth Akintewe (Aberdeen Asset Management PLC)

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