HALISTER1: Western Asset Management Favors India, Indonesia Bonds on Growth

Western Asset Management Favors India, Indonesia Bonds on Growth

(Bloomberg) -- The fund manager is overweight India and Indonesia due to the high growth potential of the two countries, says Desmond Soon, co-head of investment management for Asia ex-Japan at Western Asset Management
  • Favors Asian bonds on risks-adjusted basis, Soon says in a briefing in Hong Kong Monday.
  • U.S. Fed unlikely to take any rating action this year
  • “If institutional investors’ search for yield materializes in a large way, we are still in the early days of where the yields will go”
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Source: BFW (Bloomberg First Word)

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Desmond Soon (Western Asset Management Co)

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