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Specialist in Asia Pacific, Japan, China, India and South East Asia and Global Emerging Market equities.

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Stewart Investors manage investment portfolios on behalf of our clients over the long term and have held shares in some companies for over 20 years. They launched their first investment strategy in 1988.

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Asian Quality Bond Monthly Review and Outlook

    Author: Publish Date:

    A monthly review and outlook of the Asian Quality Bond market.

    Author: Publish Date:

    Key highlights - as at February 2016 

     

  • Collapse in oil price, global recession fears and concern over the renminbi’s devaluation continued to weigh on the market the way they did in January, before market sentiment showed some signs of stabilisation towards the end of the month.
  • Total return for both investment grade and high yield were largely in line at around 0.6%. Spread returns were mixed. Macau, Bangladesh, Indonesia and Vietnam returned positive while Mongolia and Thailand spreads detracted value.
  • Challenging times are ahead for Asia though we see some bright spots. Reforms in China, India and Singapore are long-term positive despite the near-term growth uncertainty.
  • Longer-term growth prospects in Asia remain intact and return from local currency bonds especially the high yield Indonesia and India will likely outperform those of developed market if investors are able to take a longer-term view and ride out the current volatility.

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    First Sentier Investors became a Certified B Corporation in November 2022 with a score = 107.2, noting that the passing score is 80. Please visit the B Corp Directory to view our report and for additional information regarding the assessment process.

    Investment involves risks. Past performance is not indicative of future performance. Refer to the offering documents of the respective funds for details, including risk factors. Investors may not get back the full amount invested.

    This website is issued by First Sentier Investors (Singapore) whose company registration number is 196900420D and has not been reviewed by the Monetary Authority of Singapore. First Sentier Investors (registration number 53236800B), FSSA Investment Managers (registration number 53314080C), Igneo Infrastructure Partners (registration number 53447928J), RQI Investors (registration number 53472532E) and Stewart Investors (registration number 53310114W) are business divisions of First Sentier Investors (Singapore).

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