You are here

Go local on emerging debt: Morgan Stanley

Unit expects domestic sovereign bonds to outperform dollar-denominated bonds

BT_20160303_SYLOCAL3JN64_2146347.jpg
Morgan Stanley's outlook on the rupiah is more positive than for India's rupee as Indonesian authorities, while rebuilding their foreign-exchange reserves, have allowed "a more sizable appreciation" as foreign funds return. The rupiah advanced 3.2 per cent this year, the most in Asia.

Singapore

SIX months after picking winners in Indonesia's rupiah and Malaysia's ringgit, Morgan Stanley's asset management arm is becoming bullish on the local-currency debt of developing nations.

Morgan Stanley Investment Management expects domestic sovereign bonds to outperform

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom