HALISTER1: Legg Mason Sees Emerging Asia Bonds Benefiting From Yield Hunt

Legg Mason Sees Emerging Asia Bonds Benefiting From Yield Hunt

(Bloomberg) -- While emerging-market bond supply has remained relatively stable, demand has been strong recently, said Amanda Stitt, London-based investment director at Legg Mason Global Asset Management.
  • “We generally get worried when valuations become extreme, but we are not there yet given the valuation levels we came from,” she said in an interview in Hong Kong
  • Asian notes will be a beneficiary of global hunt for quality yield, she said
  • Noted that securities from Asia typically more-highly rated than debt from emerging markets such as Latin America and many parts of eastern Europe
  • Favors quasi-sovereign bonds across Asia in sectors such as infrastructure, telecommunication, banking and utilities; especially favors such investments in India and Indonesia
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Source: BFW (Bloomberg First Word)

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Amanda Stitt (Legg Mason Inc)

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