Ashmore Group plans to increase Indian govt bond holdings ahead of JPMorgan index inclusion by end-June.
Ashmore Group plans to increase its Indian government bond holdings ahead of their inclusion in JPMorgan Chase & Co.'s key emerging-market index by end June. Higher yields and slowing inflation make Indian bonds more attractive. Ashmore's $51.9bn portfolio manager, Gustavo Medeiros, favours 10-year maturity bonds. The index inclusion and resulting inflows are seen as a technical positive.
June 18, 2024
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