Asset managers in India are buying shorter-maturity debt and triple-A rated corporate paper, as uncertainty about the pace of rate hikes by the central bank and a global trade war add to fear of an impending cash crunch.
Kotak Mahindra Asset Management Co. and Mirae Asset Management Co. are among investors interviewed by Bloomberg that say they’re seeking refuge in debt maturing in less than five years. A liquidity crunch is looming, which would hurt companies seeking to refinance, acco ..
