Q&A: Mixed performance by Asian frontier markets

Valuations have cheapened as frontier markets grapple with fiscal discipline and collapsing commodity prices. That is the conclusion of Clifford Lau, head of fixed income, Asia Pacific at Columbia Threadneedle Investments based in Singapore. 

Over the past month, FinanceAsia has been running a series of QA's with some of the region's leading fixed income fund managers. Here Lau explains why falling bond prices across frontier market debt may be setting the stage for a new rally.

How would you describe your overall trading strategy and has it been changing recently

Clifford Lau Yes. In the past, we could afford to hold...