Ask The Experts: Remain Constructive On Asian Debt
Peter Sengelman, Client Portfolio Manager, ING Investment Management Asia Pacific (Singapore) Ltd uncovers the potential of Asian debt.
1) With a slowing growth in the US and lingering woes in the Eurozone, how would global uncertainties weigh on Asian debt?
- European regulators are putting a lot of efforts in resolving the crisis
- Asian fundamentals remain strong amid the uncertainties of global markets
- Remain constructive broadly on Asian debt
2) What are the main drivers for Asian debt over the next 6-12 months?
- China is playing an important role both in Asian growth and global growth
- Another theme is the pent-up demand for Asian bonds; investors are under-allocated to this asset class so there would be more opportunities of increasing flows when the markets feel a sense of optimism
3) Which countries or sectors are you more in favour of?
- Indonesia: was under pressure in May but recovered in June
- China: economic growth will rebound in 2H 2012
- Oil and gas sectors: driven by bottom up stock selection
- Subordinated debt from banks in Singapore, Malaysia and Taiwan, offering attractive yield
4) ING (L) Renta Fund Asian Debt (Hard Currency) (USD) P Cap has consistently outperformed its peers over the past five years, would you share with us your investment strategy?
- Bottom up name selection
- A large team specialised in varies segments such as local currency rates, FX, hard currency and corporate credit
||: Ask The Experts: Remain Constructive On Asian Debt