South Korea's Mirae Asset Management Co.'s Indian debt fund increases to $22.5m due to first net inflow in 3 years, driven by India's stable rupee and sovereign bonds.
South Korea's interest in India's bond market has grown, as Mirae Asset Management Co.'s Indian debt fund increases to $22.5m due to first net inflow in 3 years. This shift is driven by the stable rupee, Asia's top performer, and India's sovereign bonds set for JPMorgan's global debt indexes. Meanwhile, Janus Henderson Investors reduces its Indian stock exposure in favor of Korea's higher dividend returns and corporate reforms.
February 28, 2024
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