Investors should continue to grow allocations to Chinese onshore bonds as part of any multi-asset, or global asset, portfolio as a good way to diversify risk.
“We are upbeat about the stability and strength of the RMB because of a recovery in Chinese exports and prudent central bank policy,” explained Edmund Goh, investment director, Asian fixed income at Aberdeen Standard Investments.
While Goh said he doesn’t have a particular preference for short- or longer-term debt as part of local currency allocation, he would opt for investment grade debt in the corporate and quasi-government space. “We plan to increase our investments in those investment grade credits that we...
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