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

 Stories of the week: 3 November

Stories of the week: 3 November

Odey Asset Management; BoE; Fed; - The biggest stories from the world of investment and asset management this week

Sarka Halas
clock 03 November 2023 • 1 min read
India's domestic bourses have defied cynics and reached record highs.

Opportunity abounds as India gains entry to JP Morgan's bond index

'Significant foreign investor inflows’

Investment Week
clock 10 October 2023 • 6 min read
JP Morgan said it expects India’s weight to reach a tenth of the GBI-EM Global Diversified index.

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

Widely-tracked index

Valeria Martinez
clock 25 September 2023 • 1 min read
Trustpilot