Amundi, leading European asset manager [1] and European leader in ETFs [2]expands its offering of bond ETFs in emerging markets, with the launch of the Amundi JP Morgan INR India Government Bond UCITS ETF, at a competitive management fee of 0.30% [3].
The fund tracks the JPM India Government Fully Accessible Route (FAR) Bonds Index. This index covers rupee-denominated Indian government bonds, which have been made accessible to foreign investors, allowing them to gain exposure to the Indian bond market. This new launch illustrates Amundi’s commitment to offering investors quality, competitive solutions with attractive returns. [4].
India is currently experiencing strong growth, both macroeconomically and in its bond market, providing an attractive investment opportunity for investors [5]. Furthermore, the recent inclusion of Indian government bonds in the JP Morgan GBI-EM Global Series indices is leading to increased demand and liquidity in Indian bond markets. This should support demand for these securities which can be used as a portfolio diversification tool.
Benoit Sorel, Head of the ETF, Index and Smart Beta business line at Amundi, declares: “India’s economic dynamics and the recent inclusion of its government bonds in major global indices represent a unique opportunity for international investors. With the launch of this Indian Government Bond ETF, we are pleased to offer our clients an effective portfolio diversification tool at a competitive price.”
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