Abrdn Plc increases Indian sovereign bond exposure due to attractive yields and index inclusion.
Abrdn Plc is adding exposure to Indian sovereign bonds due to attractive yields and expectations of large inflows from index inclusion. JPMorgan Chase & Co will add Indian bonds to its indexes from June, and Bloomberg Index Services Ltd. plans to include some India bonds in its emerging market local currency index next year. India's bonds may attract up to $40 billion in new money, as foreigners currently hold a small fraction of Indian debt.
March 26, 2024
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