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Bond issuance was the success story of the Asian financial markets in 2013: as (mainly) European banks stepped away from the loan market, corporates took to issuing paper. As well as the record levels of US dollar bonds issued in Asia last year it was also a record time for the local currency market.
This success has been followed, at a slightly slower pace, by the exchange-traded fund market – a function of ETFs being custom designed for client
The week on Risk.net, July 7-13, 2018Receive this by email