March 2013 Vol. 18 No.3
No let up for emerging markets
Category: Global
By Hui Ching-hoo
Despite 2012 boom, Asia high yield retains lustre
Both high yield (HY) and emerging market (EM) credits were deluged with torrential inflows last year thanks to major central banks easing monetary measures and a contraction in credit spread. Despite pundits’ expectations that average yields and total issuances will subside slightly this year, institutional investors still seek to grow allocations to the fixed income asset classes, even in the present low yield environment.
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