Amundi has introduced an ETF intended to provide exposure to Indian government bonds for international investors.
The Amundi JP Morgan INR India Government Bond UCITS ETF will have a management fee of 0.3% and tracks the JP Morgan India Government Fully Accessible Route (FAR) Bonds index.
Amundi highlighted the growth of India at a macro and fixed income level, as well as increased liquidity in the market due to its inclusion in the JP Morgan GBI-EM Global Series indices.
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India’s government bonds became part of JP Morgan’s emerging markets index at the end of June 2024. The 27 September marked the 11th week in a row that the India Reserve Bank continued selling government bonds, the longest streak since January 2022.
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.”
On 23 September, Amundi launched two equity ETFs to its range, with one focused on the US and one acting as a global ex-US exposure.
