The best bond opportunities lie outside the United States, Eaton Vance Vice President and Co-Head of Global Fixed Income Eric Stein said Wednesday.
"We're looking for the best opportunities on both long and short side in global markets," he said.
On CNBC's "Fast Money," Stein, who has $17.5 billion in assets under management, called out currencies on which he was focusing.
"I'd say on the long side, the Philippine peso is a currency that we like," he said. "It's certainly gotten hurt along with other emerging market currencies in the sell-off over the past couple of months, but they had 7.8 percent GDP growth in the first quarter, current account surplus, good reform story."
Stein was also long long Sri Lankan T-bills.