Amundi, European leading asset manager ranking among the top 10 global players, and European ETF leader, announces the expansion of its emerging markets (EM) fixed income offering, with the launch of the Amundi JP Morgan INR India Government Bond UCITS ETF, at management fees of 0.30%.
The ETF tracks the JP Morgan India Government Fully Accessible Route (FAR) Bonds Index, which covers Indian rupee denominated Indian government bonds that have been made accessible to foreign investors, opening investment routes for international investors to participate in the Indian bond market. This new launch underscores Amundi’s commitment to providing investors with robust and accessible investment options with potentially highly attractive yields and diversification benefits.
India’s growth story, both at a macro level and in its fixed income market, offers investors a compelling investment case. Moreover, the recent inclusion of Indian government bonds in the JP Morgan GBI-EM Global Series indices is driving increased demand and liquidity in Indian bond markets. This, in turn, should support the case for these securities which can be used as a diversifying brick in a global portfolio allocation.
Benoit Sorel, Head of Amundi ETF, Indexing & 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.”
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