 "Prime Minister Narendra Modi")
With Indian sovereign bonds capping their best quarter in four years, Aberdeen Standard Investments has some advice for investors: sell them and pile into Philippine debt.
The rally has begun to cool, with the yield on the most-traded government paper hovering near a four-week high, amid concern Prime Minister Narendra Modi’s administration may miss its fiscal-deficit target as it lifts spending before national elections due by May.
“The worry in India is politics and also fiscal slippage,” said Lin Jing Leong, an investment manager at Aberdeen, which held $384 billion globally as of June. Philippines government debt, on the other hand, is
