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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 June 2016

     

  • Asian credit market was in a cautious mode for a large part of June, awaiting the outcome of United Kingdom’s referendum on whether to leave the European Union (EU).
  • The uncertainty around the timing of the exit pose the biggest risk and this is widely expected to be a long drawn affair, not boding well for economic prospects and general market sentiments.
  • We increased our local currency bonds exposure via India and Indonesia government bonds as we expect US Fed’s rate hike expectations to be further pushed back as more uncertainty clouds the global economic outlook.
  • We now see little chance of a US Fed hike this year barring a sharp spike up in inflation.
  • Heading into the second half of 2016, we remain positive on Asia’s longer term fundamentals and its ability to ride through this period of uncertainty.
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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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