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In recent conversations with market participants, JP Morgan's index managers have said that around 75% of the assets under management (AUM) linked to the bond indices are 'active', and that the total AUM tracking the platforms could be more than $300 billion, sources aware of the matter told ET.
India has been pushing for the inclusion of its sovereign debt on global bond indices for a decade. With that pursuit now successful, Indian authorities must get ready for the benefits that will follow – and a few challenges
India Business News: JPMorgan Chase & Co has become the first global index provider to include India's $1 trillion government bond market on its emerging markets index. Th
While JP Morgan's decision to add Indian bonds to its bond index is seen as a clear positive for the debt market, having the potential to increase foreign inflows, stabilise the depreciating rupee and showcase the country's resilient macroeconomic standing, will it have a positive impact on domestic equities? Analysts say it will, but only in the long-term.
The inclusion should help improve sentiment around India's bond market, "which has, on its own, been very resilient in the context of the selloff witnessed in the global fixed income markets in recent months," said Citi.