Satu lagi, salah satu fund manager global ternama berbasis kelas aset obligasi, Pimco (Pacific Investment Management Co.) menyatakan keyakinannya atas Indonesia dengan merekomendasikan obligasi asal Indonesia yang akan menghasilkan 'return' menarik sepanjang 2011.
Higher-rated junk bonds <http://topics.bloomberg.com/junk-bonds/> in Asian countries where infrastructure spending is fueling growth, such as Indonesia, should offer the best returns in 2011, according to Pacific Investment Management Co. Indonesia, Southeast Asia <http://topics.bloomberg.com/southeast-asia/>’s biggest economy, will expand 6.28 percent this year, outpacing the 5.35 percent growth in Singapore and 4.3 percent in South Korea<http://topics.bloomberg.com/south-korea/>, according to economists’ estimates compiled by Bloomberg. President Susilo Bambang Yudhoyono <http://topics.bloomberg.com/susilo-bambang-yudhoyono/>, who targets 6.6 percent average annual growth through the remainder of his term ending in 2014, has pledged to double infrastructure spending to $140 billion. The nation, with a foreign and local-currency bond rating of Ba1, the highest speculative-grade by Moody’s Investors Service, signed an infrastructure agreement worth as much as $24 billion with Japan last month to build projects including a mass rapid transit system for Jakarta and a water plant. “If Indonesia gets it right I don’t see why they can’t move back to the investment-grade rating they had in the mid 1990s,” Lian said. “A country’s rating upgrade tends to have a salutary effect on its quasi-sovereign and corporate bonds. *We view Indonesia <http://topics.bloomberg.com/indonesia/>as an improving credit story *.” Pimco’s Emerging Asia Bond Fund returned 2.8 percent in the past month, outperforming 98 percent of its peers, according to data compiled by Bloomberg. The $240 billion Total Return Fund, managed by Bill Gross<http://topics.bloomberg.com/bill-gross/>and the world’s biggest bond fund, gained 0.9 percent, the data show. http://www.bloomberg.com/news/2011-01-28/pimco-says-top-rated-emerging-asia-junk-debt-to-offer-best-returns-in-2011.html
