| Sovereign wealth funds of emerging economies are showing an unprecedented level of interest in emerging market bonds as part of a deepening institutional commitment to the asset class, says BNP Paribas Investment Partners.
"What we are seeing is a record amount of RFPs (requests for proposals) for emerging debt (mandates) from sovereign wealth funds. These are sovereign wealth funds from top-notch emerging markets. We are not seeing developed world sovereign wealth funds," Sergio Trigo Paz, chief investment officer for global emerging fixed income at BNP Paribas Investment Partners, told the Reuters 2012 Investment Outlook Summit on Wednesday...............................................Full Article: Source |