ING Lightens Up on EM Hard-Currency Bonds

ING Investment Management has reduced some of its holding of emerging-market hard-currency bonds and edged into EM local-currency debt a bit more the last month as the firm expects more QE from the FOMC. That would likely benefit non-dollar assets, says portfolio manager Robert Robis. ING especially likes South Africa and Poland, where it has exposure in both currencies and local-currency bonds. He notes the zloty is among the Eastern European currencies--which are particularly undervalued--that should benefit from any QE3. 

ING Lightens Up on EM Hard-Currency Bonds

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