Fixed income gains appeal

Malayan Banking Bhd (Maybank) investment banking group head, fixed income research, Winson Phoon said inflation fears have dampened the risk appetite for sovereign bonds but safer assets tend to perform when investors start to worry more about credit risk than interest rate risk.

PETALING JAYA: Interest in fixed income investing has been increasing amid the dampened outlook of the local equity market.

Principal Asset Management chief investment officer, fixed income Asean, Jesse Liew said the company was currently seeing more traction in terms of interest for fixed income funds as bond yields are relatively attractive, given that Bank Negara has just raised its overnight policy rate (OPR) for the second consecutive time, this year.