Goldman Sees India Bond Inclusion Spurring $40 Billion Inflows
- JPMorgan to add Indian bonds to key gauge starting June 2024
- Analysts say flows will be front-loaded, beginning immediately
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Goldman Sachs Group Inc. sees India’s inclusion to JPMorgan Chase & Co.’s key emerging market index spurring inflows upwards of $40 billion to the country’s bonds markets over the next 18 months.
This includes passive flows of around $30 billion, and at least another $10 billion of active flows given the country’s attractiveness from a yield and low volatility perspective, analysts including Danny Suwanapruti wrote in a note Friday.