Hedged Bond Assets Surge at $78 Billion Firm After BOJ MoveBy
Nissay Japanese Bond Alpha boosts assets by 43% this month
JGB market to remain volatile amid central-bank policy
Masayoshi Tsuda, who manages 8.69 trillion yen ($78 billion) at Nissay Asset Management Corp., said retail investors are rushing to invest in his firm’s fixed-income hedged funds as they’re are looking to exit Japanese government debt after the central bank moved to negative interest rates last month.
The demand from retail investors has helped Nissay Japanese Bond Alpha, which hedges risk using bond futures, boost assets by 43 percent since Jan. 31 to 10 billion yen, Tsuda said. Market volatility will probably continue and funds that offer a stable yield are in the best position to gain as investors seek alternatives to bonds and money-market funds that are yielding close to zero, he said…
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