Fixed income funds: More defensive than ever

16 February 2016 | 4 minutes read

It has been a tough quarter indeed for the portfolio managers of Asia high yield bonds. With the Asia outlook for this particular asset class as gloomy as it could for the last three months of 2015, asset managers believe that due to significant volatility in the market, the investment performance of their funds has increasingly been reliant on defensive calls in the market. Liquidity and…

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