As the house of cards that is western markets grows ever nearer to toppling by the slightest whisper of rising yields, the trend of cycling assets over to Asian established (1) and emerging (2) markets is gaining in popularity, with India being the recipient of the largest foreign portfolio investment inflows in 2021 thus far (3).
References
China bonds set for breakout year as attractive yields defy US sell-off
Fabulous FY21: India biggest recipient of FPI inflows worth Rs 2.6 lakh crore