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Love, Money or Disappointment: What Will Asian Credit Investors Find in Their Red Envelopes?

February 27, 2013

 

Investing in Asia’s credit sector is far from simple these days.
-Robert Mead, managing director, PIMCO
-Raja Mukherji, executive vice president, PIMCO

Robert MeadRaja Mukherji

  • Our cyclical economic outlook for Asia in 2013 is unusually dependent on breakthroughs in structural policies.
  • Although we continue to favor select opportunities in key sectors, in general Asian credit spreads are trading historically tight.
  • Bottom-up research is critical, along with careful top-down views on shifting economic conditions, and investors need adequate compensation for taking credit risk. Some sectors and companies can grow significantly faster than their respective economies.

 

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