The emerging safe haven asset you might not own, but probably should

30. Mär 2019
  • While emerging markets bonds sold off in 2018, China government bonds outperformed;
  • Over a long-run time period China government bonds are showing all the traits you'd associate with safe haven assets;
  • We believe their position as a flight-to-quality asset will grow as China continues to reform, the index inclusion process progresses, and the RMB takes on a larger global role as a reserve currency.