Mirae Asset Global Investments is boosting its cash holdings to 25 percent from 20 percent, Bloomberg reports. The South Korean mutual fund manager is planning to purchase fixed-income assets in emerging markets (EM) after Europe’s debt crisis eases. The firm will consider purchasing debt from Brazil, Mexico, South Africa, Turkey, Hungary and Indonesia. The firm may also buy debt from nations, including Mexico and Russia, in anticipation of higher crude prices. Bond fund Mirae Asset Global Dynamic Securities Feeder Investment Trust returned 3.3 percent in 2011 through September 22.
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