JPMorgan To Add India To Its Emerging-Markets Bond Index
NDTV
The decision is the latest sign of India's growing appeal to international investors as the country's economic growth outstrips peers,
JPMorgan Chase & Co. will add Indian government bonds to its benchmark emerging-market index, a keenly awaited event that could drive billions of foreign inflows to the nation's debt market.
The decision is the latest sign of India's growing appeal to international investors as the country's economic growth outstrips peers, its geopolitical influence grows and global companies including Apple Inc. look for alternatives to China. While foreigners play a small role in the Indian bond market, inflows have been picking up in recent years and the country's assets have proven resilient to financial turbulence that has roiled other developing-nations.
The index provider will add Indian securities to the JPMorgan Government Bond Index-Emerging Markets starting June 28, 2024. The South Asian nation will have a maximum weight of 10% on the index, according to a statement Thursday.
