China's bonds are the worst BRIC performers

Fixed income may remain a poor investment, says top fund manager

SHANGHAI - China's bonds are the worst performers among the so-called BRIC nations (Brazil, Russia, India and China) this month and may remain a poor investment as interest rates increase, according to the manager of the country's best-performing debt fund.

The "bear market may last for several months", said Zeng Gang, who oversees 5.9 billion yuan ($897 million) at Harfor Fund Management Ltd in Shanghai.