BlackRock Seeing Value in Asian Junk-Bond Market, Rieder Says
This article is for subscribers only.
BlackRock Inc., the world’s biggest money manager, is finding value in Asian junk bonds as prices for the debt in the U.S. hover at about record highs, according to the firm’s co-head of fixed income in the Americas.
“High yield in Asia is a growing market and still trades relatively cheap to its U.S. and European counterparts,” Rick Rieder, chief investment officer for fundamental fixed income at BlackRock in New York, said in an e-mail.