European asset manager Amundi has expanded its emerging markets (EM) fixed income offering by introducing the Amundi JP Morgan INR India Government Bond Ucits ETF.
This fund, tracking the JP Morgan India Government Fully Accessible Route Bonds Index, is available at a competitive management fee of 0.30%.
The index includes Indian rupee-denominated government bonds that are accessible to foreign investors, offering a gateway for global investors to participate in the Indian bond market.
India’s economic growth and the development of its fixed income market present a strong investment opportunity, according to the asset manager. Additionally, the recent inclusion of Indian government bonds in the JP Morgan GBI-EM Global Series indices has increased global demand and liquidity for these securities.
Benoit Sorel, head of Amundi ETF, indexing and smart beta, said: “India’s economic momentum and the recent inclusion of its government bonds in key global indices present a unique opportunity for international investors. By launching this ETF on Indian government bonds, we are pleased to enable our clients to access an enhanced portfolio diversification tool at a competitive pricing on the market.”
