International investors’ appetite for Australian bonds has waned as the local dollar tumbled. Fidelity Worldwide Investment has been sticking with its holdings and says it’s time to consider buying.
“It could be the turning point,” said Andrew Wells, the chief investment officer for fixed income at Fidelity Worldwide, which has $US290 billion in assets. “We do have big exposure in Australia. We have liked it for some time,” he said in an interview last week in Singapore.
From the AFR:
