Politics
KKR Sees Bond Rout as Opening to Lock in High-Grade Asian Credit
Key Points
KKR Sees Bond Rout as Opening to Lock in High-Grade Asian Credit Takeaways by Bloomberg AI The global bond rout is giving fixed-income investors a rare chance to lock in Asian junk bond-like payouts without the credit risk of such debt, according to KKR & Co. “We view this as an opportunity to rotate the portfolio up in quality, rather than a reason to stay on the sidelines,” said Dengzhao Pan, head of Asia liquid credit at the US firm, which had $796 billion in assets under management at...
KKR Sees Bond Rout as Opening to Lock in High-Grade Asian Credit
Takeaways by Bloomberg AI
The global bond rout is giving fixed-income investors a rare chance to lock in Asian junk bond-like payouts without the credit risk of such debt, according to KKR & Co.
“We view this as an opportunity to rotate the portfolio up in quality, rather than a reason to stay on the sidelines,” said Dengzhao Pan, head of Asia liquid credit at the US firm, which had $796 billion in assets under management at the end of June. “Moving up the credit curve gives investors a wider margin of safety, lower expected credit loss.”