The Chinese government’s direct interference be it in on education stocks, be it on tech stocks or IPOs (ANT IPO) is a demonstration of power by the authorities and that they are serious about their goals. For now, the recent rout in Chinese equities and Asian high yield bonds may seem like a local issue, but as sentiment deteriorates, it may also spread to other regions and asset classes. From a historical perspective, Emerging Asian high yield bonds have reached attractive levels again and currently yield 9.2%. Once the dust has settled, investors should be well rewarded with exposure to bonds that have sold-off but are no affected or targeted by the authorities.
- Blog, Newsflash
Opportunities in Asian high yield bonds
- Asian high yield bonds, opportunities
