All the recent talk of a downturn in the global economy, sparked by fears that the US is going into recession, may not be such good news for Asian equity investors if a downturn results in a decline in exports. However, careful examination of what's on offer in the bond markets could prove beneficial. That, at least, is the verdict of ING Barings credit research teams.
At a presentation given today at its Hong Kong office, the bank asserted that Asia's financial system shows good fundamentals, including a large savings surplus and the prospect of upgrades in ratings. As a result, investors can find real value, particularly in US dollar denominated credits.
The...
