“For the rate of growth to become better in emerging markets, the basic catalyst was missing. The fiscal and monetary policies were quite conservative and currency channels were very tight at margin. That changes in favour of emerging markets and history suggests that whenever things like this happen, at least in the short to medium term, it leads to very large flows in EMs.”
Aditya Birla Sun Life Mutual Fund (ABSLMF) has launched two open-ended fund of funds that invest in US treasury bonds with maturities between 1-3 years and 3-10 years. The Co-head of Fixed Income at ABSL AMC, Kaustubh Gupta, states that investing in US bonds makes sense due to their relatively cheap valuation and the expectation that the Federal Reserve is nearing its peak rates. Investing through mutual funds in the ETF route allows for ease of investment and diversification in risk-off scenarios.
While the US central bank policy actions do have a bearing on the local policy rates as well, for now, we think RBIs action will be driven by local macros.
Investors warm up to duration funds as RBI pauses financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
The maximum city recorded its first monsoon tragedy when three young boys drowned at the famed Juhu Beach and one was rescued by the Mumbai Fire Brigade, the BMC Disaster Control said here on Wednesday.