HALISTER1: Robeco Says Asian Bonds Too Expensive, Favors European Debt

Robeco Says Asian Bonds Too Expensive, Favors European Debt

(Bloomberg) -- Investors need to be selective with Asian dollar bonds as they are pricey, Maurice Meijers, CEO of Robeco Singapore, says in a press briefing in Hong Kong.
  • “We would need to see more premium from Asian bonds to make them a worthwhile investment”
  • NOTE: Average spread for dollar-based Asian corporate bonds has dropped 124bps to 191bps from a high of 315bps in October 2015, according to Bank of America Merrill Lynch indexes
  • Favors European bonds over U.S. and Asian notes
  • “Within China, our investments tend to be really focused on government entities and well-diversified higher-quality companies. Not those in the real estate or the financial sectors”
  • Earlier stories:
    • Loomis says local buyers of Asia debt crowd out global funds 
    • Western Asset sees signs of bubbliness in Asia company dollar bonds

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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Maurice Meijers (Robeco Groep NV)

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