(Reuters) – Global index provider Russell said on Tuesday it will include Indian government bonds in its Emerging Markets Government Bond Index (EMGBI) from September 2025, following inclusion by JPMorgan and Bloomberg Index Services. announced that billions of dollars could flow into municipal bonds. .
The London-based index provider also added Korean government bonds to the FTSE World Government Bond Index (WGBI) for the first time in two years on its watch list.
South Korean government bonds account for 2.22% of the index on a market-weighted basis and will be included in FTSE’s WGBI from November 2025, FTSE said in a statement.
Indian Securities will join FTSE’s EMGBI after being on the index provider’s watch list for the past three years. According to FTSE, it represents 9.35% of the index on a market value weighted basis.
An estimated $4.6 trillion in assets under management are tracked by the index, said Radhika Rao, senior economist at DBS.
In its review in March, FTSE postponed the inclusion of Indian bonds in its index, citing tax, registration and settlement issues, but acknowledged India’s progress in making securities more accessible.
FTSE announced that Indian government bonds will be included in JPMorgan’s Government Bond Index and Emerging Markets Index from June 2024, and that Indian government bonds will be included in Bloomberg Index Service’s Emerging Markets Local Currency Index from January 2025. This is what follows.
