Amundi has announced the expansion of its fixed income product offering in emerging markets with the launch of the Amundi JP Morgan INR Indian Government Bond UCITS ETF with a management fee of 0.30%.
According to the asset management company, the ETF replicates the JPM Government of India Full Access Route (FAR) Bond Index, which targets Indian government bonds denominated in Indian rupees that are accessible to foreign investors, and which is accessible to international participants in Indian bonds. It is said that it will open an investment route to. market. This new launch underscores Amundi’s commitment to providing investors with solid and accessible investment options with potentially attractive returns and diversification benefits.
Amundi said India’s growth story, both at the macroeconomic level and in the debt market, presents an interesting investment case for investors. “Furthermore, the recent inclusion of Indian government bonds in the JPMorgan GBI-EM Global Series Index is increasing demand and liquidity in the country’s bond market. This strengthens the rationale for these securities and increases their global It has the potential to act as a diversification factor in portfolio allocation,” the asset manager added.
Commenting on the launch of the new fund, Benoît Sorel, Director of Amundi ETFs, Indexes & Smart Beta, emphasized: With the launch of this Government of India Bond ETF, our clients will have access to enhanced portfolio diversification tools at competitive market prices. ”
