Investors seen ditching European bonds for Asian debt

There is a growing shift among Asian institutions to switch assets from European bonds, where yields are low and in some cases negative, into higher-yielding Asian debt, says Peter Ryan-Kane, Asia-Pacific head of portfolio advisory at investment consultancy Willis Towers Watson. Both sovereign and corporate debt – on the local- and hard-currency side – are benefiting from the trend, he told AsianInvestor, which is already under way and expected to gain further traction. "If you …