Selective bets in Asian fixed income gain traction post tariff shock: Q&A with M&G Investments’ Marvin Kwong

Asia’s fixed income markets began 2025 on a stable footing, buoyed by falling rates and policy support from China; however, as credit spreads rise amid tariff mayhem, investors are seeking pockets of opportunities such as NBFIs and LGFVs.

The US ‘Liberation Day’ tariffs announced in April roiled markets, widening spreads and stoking volatility across Asia’s credit space.

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