20.01.2012 - Funds see Moody's upgrade spurring flows into Indonesia
Moody's upgrade of Indonesia's credit status to investment grade is set to spur capital inflows into the country, with fund managers tipping that to mainly benefit government bonds and stocks with exposure to domestic consumption, such as PT Unilever Indonesia Tbk . "The interesting area for Indonesia here is the sukuk bonds. For some Middle East buyers who could not invest earlier because it was not investment grade, this is a new thing for them, which is good," said Guan Ong, Principal at Blue Rice Investment Management, a hedge fund that specialises in fixed income...............................................Full Article: Source
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