Politics
Pictet, Neuberger to Boost India Bond Exposure on Policy Support
Key Points
Bonds Pictet, Neuberger to Boost India Bond Exposure on Policy Support Global funds are piling into Indian government bonds after New Delhi removed taxes on debt for foreign investors and eased ownership caps, along with moves that have helped stabilize the rupee. Overseas flows into index-eligible bonds have increased by 322.8 billion rupees ($3.4 billion) since the June 5 reforms, though part of the increase reflects the addition of more bonds to the category. Pictet Asset Management and...
Bonds
Pictet, Neuberger to Boost India Bond Exposure on Policy Support
Global funds are piling into Indian government bonds after New Delhi removed taxes on debt for foreign investors and eased ownership caps, along with moves that have helped stabilize the rupee.
Overseas flows into index-eligible bonds have increased by 322.8 billion rupees ($3.4 billion) since the June 5 reforms, though part of the increase reflects the addition of more bonds to the category. Pictet Asset Management and Neuberger Berman Group LLC said they’re looking to add exposure, while M&G Investments has turned more positive after the latest steps.