{"id":15769,"date":"2023-09-22T21:07:14","date_gmt":"2023-09-22T21:07:14","guid":{"rendered":"https:\/\/prosfunds.com\/markets\/india-to-be-added-to-jpmorgans-emerging-market-bond-index\/"},"modified":"2023-09-22T21:07:18","modified_gmt":"2023-09-22T21:07:18","slug":"india-to-be-added-to-jpmorgans-emerging-market-bond-index","status":"publish","type":"post","link":"https:\/\/prosfunds.com\/?p=15769","title":{"rendered":"India to be added to JPMorgan\u2019s emerging-market bond index"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0002534613\" role=\"document\">\n<p>India will be added to JPMorgan\u2019s emerging market government bond index next year, paving the way for more foreign inflows to the number-five economy.<\/p>\n<p>The inclusion of India will take place in June 2024. The bank said 23 Indian government bonds valued at $330 billion are eligible, and over 10 months, India is expected to reach the maximum weighting of 10%.<\/p>\n<div class=\"paywall\">\n<p>\u201cInclusion is expected to drive at least $21 billion of inflows from foreign investors, and if other index providers follow suit, the effects could be amplified further. Simply put, this will likely drive yields down for IGBs and provide some support the rupee at the same time,\u201d said Jennifer Taylor, head of emerging market debt at State Street Global Advisors.<\/p>\n<p>The yield on the 10-year Indian<br \/>\n        BX:LDBMKIN-10Y<br \/>\n       government bond was 7.16% on Friday.<\/p>\n<p>She noted the Reserve Bank of India first started courting index providers in 2019.<\/p>\n<p>The key move came in 2020 when India created its fully accessible route, or FAR, bond market, said Lee Collins, head of index fixed income at Legal &amp; General Investment Management. He said the FAR bond issuance has added meaningful daily liquidity.<\/p>\n<p>\u201cOur view is that the [Indian] market can offer an attractive yield, volatility and maximum drawdown levels that are more akin to lower yielding, higher rated issuers such as the U.S. and China, as well as low levels of correlation to other emerging and developed market issuers,\u201d he added.<\/p>\n<p>The iShares JPMorgan USD emerging market bond ETF<br \/>\n        EMB<br \/>\n       has slipped 1% this year.<\/p>\n<p>The S&amp;P BSE Sensex index<br \/>\n        IN:1<br \/>\n       closed Friday with a small loss, but is down just 2% from its record high.<\/p>\n<p><strong>Also read: <\/strong>\u2018Emerging markets have a China problem.\u2019 This strategist favors India, which just hit a record.<\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/india-to-be-added-to-jpmorgans-emerging-market-bond-index-7ccd0d85?mod=markets\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>India will be added to JPMorgan\u2019s emerging market government bond index next year, paving the way for more foreign inflows to the number-five economy. The inclusion of India will take place in June 2024. The bank said 23 Indian government bonds valued at $330 billion are eligible, and over 10 months, India is expected to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":15770,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[33],"tags":[],"class_list":{"0":"post-15769","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>India to be added to JPMorgan\u2019s emerging-market bond index | Prosfunds<\/title>\n<meta name=\"description\" content=\"India will be added to JPMorgan\u2019s emerging market government bond index next year, paving the way for more foreign inflows to the number-five economy. The\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/prosfunds.com\/?p=15769\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"India to be added to JPMorgan\u2019s emerging-market bond index | Prosfunds\" \/>\n<meta property=\"og:description\" content=\"India will be added to JPMorgan\u2019s emerging market government bond index next year, paving the way for more foreign inflows to the number-five economy. The\" \/>\n<meta property=\"og:url\" content=\"https:\/\/prosfunds.com\/?p=15769\" \/>\n<meta property=\"og:site_name\" content=\"Prosfunds\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-22T21:07:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-22T21:07:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/09\/1695416835_social.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/prosfunds.com\/?p=15769#article\",\"isPartOf\":{\"@id\":\"https:\/\/prosfunds.com\/?p=15769\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/prosfunds.com\/#\/schema\/person\/bab8f1b00ccebe43e39ff640793108e6\"},\"headline\":\"India to be added to JPMorgan\u2019s emerging-market bond index\",\"datePublished\":\"2023-09-22T21:07:14+00:00\",\"dateModified\":\"2023-09-22T21:07:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/prosfunds.com\/?p=15769\"},\"wordCount\":301,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/prosfunds.com\/#organization\"},\"articleSection\":[\"Markets\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/prosfunds.com\/?p=15769#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/prosfunds.com\/?p=15769\",\"url\":\"https:\/\/prosfunds.com\/?p=15769\",\"name\":\"India to be added to JPMorgan\u2019s emerging-market bond index | Prosfunds\",\"isPartOf\":{\"@id\":\"https:\/\/prosfunds.com\/#website\"},\"datePublished\":\"2023-09-22T21:07:14+00:00\",\"dateModified\":\"2023-09-22T21:07:18+00:00\",\"description\":\"India will be added to JPMorgan\u2019s emerging market government bond index next year, paving the way for more foreign inflows to the number-five economy. The\",\"breadcrumb\":{\"@id\":\"https:\/\/prosfunds.com\/?p=15769#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/prosfunds.com\/?p=15769\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/prosfunds.com\/?p=15769#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/prosfunds.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"India to be added to JPMorgan\u2019s emerging-market bond index\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/prosfunds.com\/#website\",\"url\":\"https:\/\/prosfunds.com\/\",\"name\":\"Funding Factories\",\"description\":\"Latest Finance News and Updates\",\"publisher\":{\"@id\":\"https:\/\/prosfunds.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/prosfunds.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/prosfunds.com\/#organization\",\"name\":\"Funding Factories\",\"url\":\"https:\/\/prosfunds.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/prosfunds.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/ff-dark-logo-1.png\",\"contentUrl\":\"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/ff-dark-logo-1.png\",\"width\":780,\"height\":140,\"caption\":\"Funding Factories\"},\"image\":{\"@id\":\"https:\/\/prosfunds.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/prosfunds.com\/#\/schema\/person\/bab8f1b00ccebe43e39ff640793108e6\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/prosfunds.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1693518183-96x96.png\",\"contentUrl\":\"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1693518183-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/prosfunds.com\"],\"url\":\"https:\/\/prosfunds.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"India to be added to JPMorgan\u2019s emerging-market bond index | Prosfunds","description":"India will be added to JPMorgan\u2019s emerging market government bond index next year, paving the way for more foreign inflows to the number-five economy. The","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/prosfunds.com\/?p=15769","og_locale":"en_US","og_type":"article","og_title":"India to be added to JPMorgan\u2019s emerging-market bond index | Prosfunds","og_description":"India will be added to JPMorgan\u2019s emerging market government bond index next year, paving the way for more foreign inflows to the number-five economy. The","og_url":"https:\/\/prosfunds.com\/?p=15769","og_site_name":"Prosfunds","article_published_time":"2023-09-22T21:07:14+00:00","article_modified_time":"2023-09-22T21:07:18+00:00","og_image":[{"width":1280,"height":640,"url":"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/09\/1695416835_social.jpeg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/prosfunds.com\/?p=15769#article","isPartOf":{"@id":"https:\/\/prosfunds.com\/?p=15769"},"author":{"name":"News Room","@id":"https:\/\/prosfunds.com\/#\/schema\/person\/bab8f1b00ccebe43e39ff640793108e6"},"headline":"India to be added to JPMorgan\u2019s emerging-market bond index","datePublished":"2023-09-22T21:07:14+00:00","dateModified":"2023-09-22T21:07:18+00:00","mainEntityOfPage":{"@id":"https:\/\/prosfunds.com\/?p=15769"},"wordCount":301,"commentCount":0,"publisher":{"@id":"https:\/\/prosfunds.com\/#organization"},"articleSection":["Markets"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/prosfunds.com\/?p=15769#respond"]}]},{"@type":"WebPage","@id":"https:\/\/prosfunds.com\/?p=15769","url":"https:\/\/prosfunds.com\/?p=15769","name":"India to be added to JPMorgan\u2019s emerging-market bond index | Prosfunds","isPartOf":{"@id":"https:\/\/prosfunds.com\/#website"},"datePublished":"2023-09-22T21:07:14+00:00","dateModified":"2023-09-22T21:07:18+00:00","description":"India will be added to JPMorgan\u2019s emerging market government bond index next year, paving the way for more foreign inflows to the number-five economy. The","breadcrumb":{"@id":"https:\/\/prosfunds.com\/?p=15769#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/prosfunds.com\/?p=15769"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/prosfunds.com\/?p=15769#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/prosfunds.com\/"},{"@type":"ListItem","position":2,"name":"India to be added to JPMorgan\u2019s emerging-market bond index"}]},{"@type":"WebSite","@id":"https:\/\/prosfunds.com\/#website","url":"https:\/\/prosfunds.com\/","name":"Funding Factories","description":"Latest Finance News and Updates","publisher":{"@id":"https:\/\/prosfunds.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/prosfunds.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/prosfunds.com\/#organization","name":"Funding Factories","url":"https:\/\/prosfunds.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/prosfunds.com\/#\/schema\/logo\/image\/","url":"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/ff-dark-logo-1.png","contentUrl":"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/ff-dark-logo-1.png","width":780,"height":140,"caption":"Funding Factories"},"image":{"@id":"https:\/\/prosfunds.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/prosfunds.com\/#\/schema\/person\/bab8f1b00ccebe43e39ff640793108e6","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/prosfunds.com\/#\/schema\/person\/image\/","url":"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1693518183-96x96.png","contentUrl":"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1693518183-96x96.png","caption":"News Room"},"sameAs":["https:\/\/prosfunds.com"],"url":"https:\/\/prosfunds.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/posts\/15769","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prosfunds.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15769"}],"version-history":[{"count":1,"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/posts\/15769\/revisions"}],"predecessor-version":[{"id":15771,"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/posts\/15769\/revisions\/15771"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/media\/15770"}],"wp:attachment":[{"href":"https:\/\/prosfunds.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15769"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prosfunds.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15769"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prosfunds.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15769"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}