India To Be Included In JP Morgan’S Emerging Market Debt Index

(MENAFN- IANS) New Delhi, Sep 22 (IANS) JP Morgan has said that it will include India in its Government Bond Index-Emerging Markets (GBI-EM) index from June 2024 onwards.

This will help in increasing inflows into the world's fifth-largest economy.

It will also mean that local government bonds will be included in the GBI-EM index and the index suite, which is benchmarked by approximately $236 billion in global funds, as per JP Morgan.

"India's weight is expected to reach the maximum weight threshold of 10 per cent in the GBI-EM Global Diversified, and approximately 8.7 per cent in the GBI-EM Global index," said JP Morgan.

This index is followed by global funds, with approximately $236 billion in assets benchmarked against it.




Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.