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Don’t let Evergrande worries wean you off Asian high-yield: UBS GWM CIO

UBS remains bullish on Asian high-yield debt despite mounting troubles at China Evergrande, the country’s second largest property developer by sales. In its 4Q21 outlook, the UBS Global Wealth Management Chief Investment Office said the spread in the segment has widened over the benchmark even as Evergrande’s dollar bonds trade at around 20 cents on the dollar. The spread between…

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