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China junk-bond bargain hunters trigger 388% surge in ETF assets

China junk-bond bargain hunters trigger 388% surge in ETF assets

22 Nov 2021

The tide may be turning for China’s property sector, said David Newman, who helps manage about $3 billion as chief investment officer for global high yield at Allianz Global Investors. “We have begun to buy a few higher quality, lower price bonds for our global portfolios, reducing a long term underweight.”