Asia High Yield: A Sleeper Rally [Forbes]
SUMITOMO MITSUI TR S/ADR (SUTNY)
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Source: Forbes
Asia's high-yield bond market is back. After stress in China's property sector, investors have started to see healthy returns and higher yields. In fact, the is now the highest-yielding US-listed ETF in Bloomberg's high-yield category, with a 12-month trailing yield of 14.95% (SEC 30-Day Yield: 7.50%). To understand what's driving these markets, we sat down with KHYB portfolio manager Wai Hoong Leong from Nikko Asset Management for a Q&A. Leong cites the credit cycle recovery in Asia, particularly in countries like Indonesia and India, as being a crucial component in the strategy's recent outperformance. The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed or sold, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted. For performance data cur
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