Government of India bonds are likely to get a further boost with global financial advisory firm Bloomberg, proposing their inclusion in its index, a development that comes close on the heels of JPMorgan’s decision to include these bonds in its global index from June 2024.
As a result, the Indian FAR bonds will be included in the EM Local Currency indices with an initial weight of 20% of their full market value in September. The weight of FAR bonds will then be increased in increments of 20% of their full market value every month over the 5-month period ending in January 2025, when they will be weighted at their full market value (100%) in the indices, Bloomberg said.
Bloomberg Index Services Ltd (BISL) is launching a consultation to solicit feedback on the proposed inclusion of the India Fully Accessible Route (FAR) bonds in the Bloomberg Emerging Market (EM) Local Currency Index.Under the proposal, .
Government of India bonds are likely to get a further boost with global financial advisory firm Bloomberg, proposing their inclusion in its index, a development that comes close on the heels of JPMorgan's decision to include these bonds in its .