Asian bond investors are no stranger to Australian debt but their appetite is changing in favour of high-yielding corporate bonds, according to Steve Lambert, executive general manager of debt markets at National Australia Bank NAB in Sydney.
“We are seeing a shift in relative weightings and what type of credit Asian investors buy,” said Lambert, who believes the market is in risk-on mode. “In the past year, there has been a growing interest in corporate bonds. Investors are looking for yield and they want more balance, more diversification in their portfolios.”
FinanceAsia and NAB recently conducted a survey on Asian institutional investor attitudes towards Australian debt...
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