Bloomberg the Company

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

Pimco Says Asia Bonds to Benefit From Growth, Ratings

Don't Miss Out —
Follow us on:

Jan. 12 (Bloomberg) -- Pacific Investment Management Co., which runs the world’s biggest bond fund, said Asian debt will benefit from quickening economic growth and improving ratings.

“Investors would appreciate Asian credit at current levels,” Chia-Liang Lian, an emerging-markets portfolio manager in Pimco’s Singapore office, wrote in a report put on the company’s website.

An index of Asian local-currency bonds returned 12 percent last year, the most since 2006, according to figures compiled by HSBC Holdings Plc. Developing Asian economies including China and India will grow 8.4 percent in 2011 compared with 2.2 percent in advanced economies, according to International Monetary Fund estimates.

Pimco’s Emerging Asia Bond Fund returned 0.9 percent in the past month, beating 70 percent of its competitors, according to data compiled by Bloomberg. The company, based in Newport Beach, California, is a unit of Munich-based insurer Allianz SE.

To contact the reporter on this story: Wes Goodman in Singapore at wgoodman@bloomberg.net

To contact the editor responsible for this story: Rocky Swift at rswift5@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.