The U.S. Is Back in Asian Debt

Wall St Journal – U.S. investors are jumping back into Asian bonds, even buying debt from high-yield Chinese real-estate developers they shunned last year because of worries the companies could default. The purchases represent an 180-degree shift for U.S. fund managers, who until recently had unloaded holdings, made cautious by a combination of concerns over allegations of accounting fraud at Chinese companies, a political transition in Beijing and an Asian economic slowdown. Now, some of the world’s biggest funds, including Fidelity Worldwide Investment, are being lured by the returns on offer and a brighter economic picture throughout the region. Read Article

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