KWAP, Sun Life question safety of bond investing
The Malaysian pension fund and the Canadian insurer's Philippine unit agree that Asian debt is a riskier investment than in the past. So what alternatives are they looking at, if any?
The central question put to one panel at AsianInvestor’s Southeast Asia institutional investment forum in Singapore yesterday was: is fixed income a safe asset class anymore?
The answer was a definite "no" from Khairul Azwa Bahrin, director of risk management and compliance at KWAP, Malaysia’s $27 billion civil service pension fund.
The fund has a significant home bias in terms of debt, but is looking to expand its international bond portfolio for diversification purposes. Gener…
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