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Asia High Yield has reached new highs; what’s next?

16 September 2026

Murray Collis, Head of Asia Fixed Income

Chris Lam, Portfolio Manager, Asia Fixed Income

Billy Wu, Portfolio Manager, Asia Fixed Income

Lawrence Yu, Client Portfolio Manager, Asia Fixed Income

 

 

 

 

 

Asia High Yield (HY) bonds, known for providing an attractive source of income, present a very different opportunity set today compared to the pre-pandemic era. As discussed in our investment note from nearly a year ago, the asset class is no longer dominated by Chinese Mainland property developers. Instead, it has become more diversified, with investment opportunities spanning multiple areas, such as financial institutions, gaming operators, infrastructure providers, and selected frontier markets.

 

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