From Bloomberg: Indonesia’s Islamic bonds may extend this year’s rally that drove yields to record lows on the prospects of further ratings upgrades, according to the manager of the world’s best-performing sukuk fund.
PT Bhakti Asset Management’s BIG Dana Muamalah fund, which returned 13.4 percent this year, bought rupiah-denominated government sukuk in March, the same month Standard & Poor’s raised the nation’s rating to BB, two levels below investment grade……………………………………….Full Article: Source