(Bloomberg) -- Pacific Investment Management Co., the biggest buyer of emerging-market debt, has bought derivatives to profit from interest rates in India, the world's second-fastest growing major economy, fund manager Chia Liang Lian said.
The money manager has purchased non-deliverable rupee forwards tied to the future value of the rupee, Lian said in an interview in Singapore. The contracts are attractive because they reflect India's yield premium, he said. India's bond yields are the third-highest in Asia.
Read more at Bloomberg Currencies News
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