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Asian hard-currency credit markets have been among the primary outperformers in the credit universe this year. While a favourable macro environment and strong corporate fundamentals have contributed to this narrative, a sizable supply deficit has been a bigger factor in driving down spreads. So, what are the prospects of that changing in the near future, and where can investors find opportunities in a supply-starved market? Muzinich & Co. portfolio manager Mel Siew provides the answers.
Friday 16th August 2024
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