Bond bulls lift bets ahead of index inclusion

India’s index-eligible bonds have attracted US$10bil since the inclusion was announced in September. — Bloomberg

MUMBAI: Investors tracking JPMorgan Chase & Co’s emerging markets bond index have already positioned for India’s inclusion, with 3.6% of their assets allocated to the nation’s sovereign debt as of the end of May, according to Morgan Stanley.

Most of the investors are active fund managers who don’t need to add exposure as India is added to the gauge on Friday, Min Dai, head of Asia macro strategy, wrote in a note.