Amundi has announced the expansion of its fixed income offering in emerging markets with the launch of the Amundi JP Morgan INR India Government Bond UCITS ETF, with management fees of 0.30%.
According to the asset manager, the ETF replicates the JPM India Government Fully Accessible Route (FAR) Bonds Index, which covers Indian government bonds denominated in Indian rupees that have been made accessible to foreign investors, opening up investment routes for international participants in India’s bond market. This new launch highlights Amundi’s commitment to offering investors solid and accessible investment options with potentially attractive returns and diversification benefits.
India’s growth story, both at the macroeconomic level and within its fixed income market, presents an interesting investment case for investors, according to Amundi. “Furthermore, the recent inclusion of Indian government debt in the J.P. Morgan GBI-EM Global Series indices is driving increased demand and liquidity in the country’s fixed income markets. This, in turn, should strengthen the case for these securities, which can serve as a diversifying element in a global portfolio allocation,” the asset manager adds.
Following the launch of this new fund, Benoit Sorel, Director of Amundi ETF, Indexing & Smart Beta, emphasized: “India’s economic momentum and the recent inclusion of its government bonds in major global indices present a unique opportunity for international investors. With the launch of this ETF on Indian government debt, we are enabling our clients to access an enhanced portfolio diversification tool at a competitive market price.”
