Credit ratings have been improving across Asia, but spreads persist which could partly be down to Western investors' unfamiliarity with the markets.
Active categories include healthcare and EM debt
Lots of people have loathed bonds
Investors want short duration
Managers of bond funds have a reputation for being gloomy. Perhaps that is the price we pay for our repeated warnings about inflation, defaults and currency debasement, writes Artemis' James Foster.
Favours investment grade over HY