INSUBCONTINENT EXCLUSIVE:
Portfolio managers are not rushing out with their chequebooks to gain exposure to the fast-growing region, even as high-yielding currencies
Instead, they are positioning for further weakness, with the US-China trade war and a strong dollar expected to remain persistent
Management, which oversees $593 billion
A stronger greenback is adding to the stress, with Bloomberg Dollar Spot Index climbing to the highest in more than a year last month amid
bets the Fed will keep raising US interest rates
The Indian rupee and Indonesian rupiah are leading declines in Asia, as the US-China trade dispute clouds the outlook for money managers
take place as long as President Donald Trump continues to threaten more tariffs
Still, Asian policy makers are taking steps to bolster confidence
India has set targets to cut import of goods, including electronics, to reduce demand for dollars and support the rupee
Economists predict Bank Indonesia will tighten policy at a review Thursday, after raising rates by a total of 1.25 percentage points since
fund manager at PineBridge Investments.
