`Best Time' to Buy EM Since Taper Tantrum Lures Matthews Asia
- Matthews Asia’s Kong favors Chinese, Indonesian dollar bonds
- Kong says it’s best time to enter EM with long-term horizon
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Not since the selloff of 2013 have developing-world bonds looked so attractive for long-term investors, according to Matthews Asia fixed-income head Teresa Kong.
“As long as you have a five-year investment horizon, we think this is the best time to get into emerging-market debt since the taper tantrum from a credit perspective," said Kong, 46, who began seeing opportunities since mid-June. The veteran money manager’s top fund -- the $134-million Matthews Asia Strategic Income Fund -- has gained an average of 4.1 percent annually since its inception in November 2011, more than double the gain of its benchmark.