JPMorgan will include India in its widely tracked emerging market debt index

JPMorgan will include India in its widely tracked emerging market debt index
  • Friday, 22 September 2023 | 3:49 Am GMT
  • This is triggering a huge flow of funds into the Indian economy (the world’s 5th largest)

Reuters carry the news on JPMorgan announcing on Friday that it will include India in its widely tracked emerging market debt index.

  • On Friday, JPMorgan made a significant announcement, revealing its intention to incorporate India into its highly monitored emerging market debt index. India’s domestic bonds are set to be included within the Government Bond Index-Emerging Markets (GBI-EM) index, which serves as a benchmark for approximately $236 billion in global investment funds, according to JPMorgan.
  • JPMorgan further specified that 23 Indian Government Bonds (IGBs) with a combined notional value of $330 billion meet the eligibility criteria for inclusion. As a result, India is expected to attain the maximum weight threshold of 10% in the GBI-EM Global Diversified index and approximately 8.7% in the GBI-EM Global index, as indicated by JPMorgan.

More detail at the link to Reuters.

Leave a Reply

Your email address will not be published. Required fields are marked *