MUMBAI: A near-three-decade veteran fund manager in India is maxing out duration ahead of anticipated rate cuts, a sign of how a pivot among global central banks is encouraging investors to prepare for the coming era of cheaper money.
Anju Chhajer, a senior fixed-income fund manager with the US$64bil Nippon Life India Asset Management Ltd, is loading up on the longest papers her funds can buy, an attempt to ensure that those funds benefit from capital gains and avoid reinvestment risks when interest rates decline.
