Lombard fund doubles down on India’s junk credit


The Swiss investment firm’s Asia Value Bond Fund has returned 9.7% so far this year. — Bloomberg

MUMBAI: Lombard Odier Investment Managers will expand exposure to Indian high-yield US dollar credit in its US$2bil Asian bond strategy, after the sector helped the product become a top performer by beating 96% of its peers this year.

The Swiss investment firm’s Asia Value Bond Fund has returned 9.7% so far this year, Bloomberg-compiled data show.

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