Chinese Bonds Bounce Back in Favor as UK Fund Giants Look to Buy
- Valuations more attractive due to higher yields, abrdn says
- M&G says relatively low volatility builds case for allocation
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Chinese sovereign bonds have become more attractive due to their improving valuations and lower volatility than many global peers, according to two of the largest UK money managers.
Abrdn Plc is considering purchasing Chinese debt after selling out three months ago, as rising yields have made the securities more appealing. The relative stability of the bonds and the outperforming yuan are two reasons for investors to buy, according to M&G Investments Plc.