Fixed Income
Funds in Asia see huge Q1 outflows
Around $39bn fled funds in Asia during the first quarter of this year, and one asset class took an enormous hit, according to data from Strategic Insight.
Fixed Income | 5 May 16
Argentina debt mispriced given regional risks, says Kames
Returning to the international market after a 15-year hiatus, Argentina raised $16.5bn in an oversubscribed debt offering last month, the largest ever for an emerging market. But, according to Scott Fleming, manager of the Kames Emerging Market Bond Fund, the risk was not appropriately priced.
China relaxes international bond issuance rules
China’s central bank has relaxed the rules for mainland corporations looking to issue bonds offshore, according to the People’s Bank of China.
Fixed Income | 20 Apr 16
Saudi Arabia borrows $10bn from global banks
Saudi Arabia is poised to tap the international loan market for the first time to raise $10bn (£7bn, €8.8bn) to help fill a huge budget deficit caused by the dramatic fall in oil prices, and may also issue a debut global bond, according to bankers cited in several media reports.
The peculiarities of China bonds
Returns from mainland funds might look attractive to overseas investors, but be aware of the differences in product design and investment style, said Morningstar China director of manager research, Rachel Wang.