The Asian fixed-income market has seen huge expansion in the past decade -- and that's likely to continue, as fundamentals and growth prospects in the region are significantly better than those in developed Western markets.
However, returns may not match expectations in the short run, and there's some way to go before the debt market achieves the level of liquidity in Europe or the US, argued panellists at the AsianInvestor and FinanceAsia Asia-Pacific Debt Forum in Hong Kong this week.
Asian bond issuance has increased ten-fold since 1996, according to the Asian Development Bank, from $500 billion to $5 trillion last year, says Lim Heong Chye, chief investment officer at...
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