The study of currency allocation in foreign exchange reserves consists of two aspects: kinds of currencies included and their proportions.

外汇储备币种组合的研究包括外汇储备货币的选择及各种货币所占的比重两方面。

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Mr. Hoguet recommends holding about 2% of an overall bond allocation in emerging-market hard-currency bonds, and about 8% in emerging-market local-currency bonds.

WSJ: The Allure of Emerging-Markets Bonds

In these four periods of rising rates, managers had the acumen to navigate troubled waters by various techniques of managing bond types, sector allocation, duration, maturity, credit quality, country, and currency.

FORBES: Buffett Is Right, Bonds Need A Warning Label

But given the shifting global dynamics, particularly the problems of excess debt in the industrial world, a well-balanced portfolio should include a strategic allocation to emerging market currency-denominated assets not just in Asia but around the world.

WSJ: Pimco's Guiding Asia-Pacific's Investor Evolution: Ki Myung Hong