JPMorgan Holds Off on Adding India to Bond Index, Keeps on Watch
- India lingers on watch for inclusion in JPM’s key EM gauge
- Investors warned of hurdles involving bond-trading process
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JPMorgan Chase & Co. is keeping Indian government bonds off its emerging-market sovereign bond index for now, citing investment hurdles that must be resolved for the inclusion to take place.
The decision to refrain from adding the bonds to the JPMorgan Government Bond Index-Emerging Markets -- while keeping them under review for inclusion -- was based on investor feedback, the index provider said Tuesday.