Business & Finance
Top Pension Fund to Buy More India State Bonds on High Yields
Key Points
Bonds Top Pension Fund to Buy More India State Bonds on High Yields India’s largest pension fund plans to step up purchases of state debt, expecting their yield premium over the federal government bonds will widen further. SBI Pension Fund Pvt., which manages about $64 billion of assets, favors state bonds as part of a carry-focused fixed-income strategy, Chief Investment Officer Sandeep Pandey said in an interview. The approach seeks to generate steady income from higher-yielding...
Bonds
Top Pension Fund to Buy More India State Bonds on High Yields
India’s largest pension fund plans to step up purchases of state debt, expecting their yield premium over the federal government bonds will widen further.
SBI Pension Fund Pvt., which manages about $64 billion of assets, favors state bonds as part of a carry-focused fixed-income strategy, Chief Investment Officer Sandeep Pandey said in an interview. The approach seeks to generate steady income from higher-yielding securities, such as state and corporate debt, rather than relying on capital gains.