Reported about 1 year ago
Asian junk bonds have returned 9.8% year-to-date, outperforming global speculative peers with about 3% returns and high-grade debt facing losses, driven by a rebound in Chinese junk debt as authorities support the property market. T. Rowe Price Group Inc. and UBS Asset Management see appeal in high yield, especially in Asia, noting attractive yields and growth outlooks for China and India. While risks remain, Asian credits offer a decent pick-up of about 150 basis points versus developed-market high yield, attracting investors seeking income in a high-for-longer environment.
Source: YAHOO