ICICI Prudential Asset Management decreases India's sovereign debt investments, shifting to corporate bonds.

ICICI Prudential Asset Management Co. is decreasing its investments in India's sovereign debt within its dynamic bond fund, shifting focus to corporate bonds. The firm's Chief Investment Officer, Manish Banthia, cites low risk and favorable returns from non-financial corporate bonds due to recent corporate deleveraging. This strategy coincides with significant foreign investment in Indian debt, spurred by the country’s inclusion in a global bond index.

September 02, 2024
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