UBS Asset Management Sees Value in Dollar-Denominated Emerging Market Assets

UBS Asset Management’s Shamaila Khan said dollar-denominated emerging market assets are offering strong opportunities, as investors continue to look for relative value in global fixed income markets. In remarks reported by Bloomberg from the sidelines of UBS’s Asian Investment Conference in Hong Kong, Khan also discussed the outlook for emerging markets and Asia-Pacific bond markets.

Her comments come as UBS is staging its expanded Asian Investment Conference across Singapore and Hong Kong this week, with the firm saying the event is intended to bring together policymakers, business leaders and investors to discuss markets, policy and long-term investment themes. UBS said the 29th edition of the conference is running from May 25 to 29 and is expected to draw a record 6,000 attendees.

Khan’s view matters because emerging-market debt has been closely watched by investors seeking yield while weighing the impact of global interest-rate trends, a strong U.S. dollar and uneven growth across regions. According to Bloomberg’s summary of her interview, Khan highlighted dollar-denominated EM assets as a particularly attractive area, which suggests UBS sees opportunities not just in local-currency markets but also in bonds issued in dollars.

The comments also fit into a broader conversation at UBS’s conference about investor sentiment and macro markets. Bloomberg separately reported that UBS’s Niall MacLeod, head of APAC product, discussed the outlook for markets and investor sentiment from the same conference, underscoring that the gathering is being used as a platform for fund managers and strategists to gauge where capital may flow next.

For investors, the key question is whether demand for EM and APAC fixed income can hold up if global conditions remain supportive. Khan’s remarks indicate that UBS Asset Management is still constructive on parts of the asset class, particularly dollar-denominated debt, even as regional and global risks continue to shape allocation decisions.