Insurance CIO sees high institutional demand for Indian bonds
With the imminent inclusion of India in global bond indices, interest has soared from international and domestic institutional investors, the CIO of an Indian insurer said.
Institutional investors, local and international, are eagerly snapping up India bonds as the market gears up for India’s inclusion in a global suite of bond indices, the chief investment officer at an Indian insurance company said.
"The upcoming inclusion in JP Morgan EMBIGD [JP Morgan EMBI Global Diversified Index] in June 2024 appears to be the key driver for the huge inflow in the debt market,” Ajit Banerjee, CIO of Hyderabad-headquartered Shriram Life Insurance, told AsianInve…
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