Despite low levels of liquidity, not to mention the general liquidity crunch, more than three-quarters of the hedge funds surveyed said they are investing in China and India's credit markets and that they expect a steady maturation of the credit market throughout the region. Growth prospects for infrastructure, utilities, and commodities companies are also fuelling trading in credit products in the Philippines, Thailand and Indonesia.
What's novel is that, despite the region's heavy reliance on developing...
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