JP Morgan to add Indian government bonds to emerging markets debt index

Widely-tracked index

Valeria Martinez
clock • 1 min read

JP Morgan is set to add Indian government bonds to its widely-tracked emerging markets debt index, paving the way for billions of inflows to the world’s fifth-largest economy.

The JPMorgan Government Bond Index-Emerging Markets (GBI-EM) benchmarks will include Indian government bonds from 28 June 2024, the firm said, with a maximum weight to India of 10% of the index. The bank said 23 Indian Government Bonds (IGBs) with a combined notional value of $330bn, all of which fall under the "fully accessible route" for non-residents, are eligible for inclusion. India's long-term plans are providing countless opportunities Inclusion of the bonds will be staggered over a 10-month period starting on 28 June 2024 and ending on 31 March 2025, with 1% weight being in...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Global

'Big Short' Michael Burry doubles down on Chinese tech investments amid slow recovery

'Big Short' Michael Burry doubles down on Chinese tech investments amid slow recovery

JD.com becomes Scion's top holding

clock 16 May 2024 • 1 min read
New speakers announced for the Geographical Equities Conference 2024

New speakers announced for the Geographical Equities Conference 2024

Allianz Global Investors, Columbia Threadneedle Investments, EdenTree, GAM, Jupiter Asset Management and Royal London Asset Management among speakers

Investment Week
clock 09 April 2024 • 2 min read
Global fund managers most bullish in two years as growth expectations improve

Global fund managers most bullish in two years as growth expectations improve

BofA Global Fund Manager survey

Cristian Angeloni
clock 13 February 2024 • 2 min read
Trustpilot