ings-bond-team-recommends-investors-take-risk

ING's bond team recommends investors take risk

INGÆs Asian dollar bond team predicts a harder sell for its emerging market strategy in 2007 but continues to target riskier assets.
November 30, 2006
One year ago, ING Securities said the economic outlook was the most positive it had ever seen and as a result moved to target the riskier end of the fixed-interest spectrum. Now ING says 2007 will be similar and that investors should remain in higher-risk positions.

One the sovereign debt front, according to Singapore-based managing director and head of Asian research Tim Condon, Pakistan is the most appealing market. ôPakistan underperformed Taiwan, Indonesia and Vietnam in the aftermath of the mid-year sell off,ö he says. ôThe yield spread on 10 and 20-year risk has converged to 25 basis points and we are over-weight Pakistan 2016s and 2036s.ö

The firm also recommends the Philippines over Vietnam....
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222