In recent conversations with market participants, JP Morgan s index managers have said that around 75% of the assets under management (AUM) linked to the bond indices are active , and that the total AUM tracking the platforms could be more than $300 billion, sources aware of the matter told ET.
India has been pushing for the inclusion of its sovereign debt on global bond indices for a decade. With that pursuit now successful, Indian authorities must get ready for the benefits that will follow – and a few challenges
India Business News: JPMorgan Chase & Co has become the first global index provider to include India's $1 trillion government bond market on its emerging markets index. Th
While JP Morgan s decision to add Indian bonds to its bond index is seen as a clear positive for the debt market, having the potential to increase foreign inflows, stabilise the depreciating rupee and showcase the country s resilient macroeconomic standing, will it have a positive impact on domestic equities? Analysts say it will, but only in the long-term.
The inclusion should help improve sentiment around India s bond market, "which has, on its own, been very resilient in the context of the selloff witnessed in the global fixed income markets in recent months," said Citi.