(Bloomberg) -- South Korea has ticked every box in an attempt to get its bonds included in a major FTSE Russell index, while India has steered clear of...
-- South Korea has ticked every box in an attempt to get its bonds included in a major FTSE Russell index, while India has steered clear of public overhauls — but the latter’s popularity with global investors may give it an edge to join a related benchmark.FTSE Russell will on Oct. 8 announce any inclusions into benchmarks including its World Government Bond Index , which tracks $29 trillion of global fixed income.
“The current environment is indeed favorable for EM bonds, with many investors seeking higher yields and diversification,” said Althea Spinozzi, head of fixed income research at Saxo Bank AS in Hellerup, Denmark. “Index inclusions tend to attract substantial capital inflows, as global investors who track these benchmarks adjust their portfolios.”
Even if Korea doesn’t make the cut this year, “I do expect the language to sound a bit more positive at the review given the efforts made to improve access to both bonds and FX,” said Low Guan Yi, Asia head of fixed income at M&G investments in Singapore.India, on the other hand, hasn’t set up an arrangement with Euroclear at all.
On the equities front, Vietnam is likely to get an upgrade to emerging market from frontier only next year, analysts say. A new rule canceling the requirement that overseas investors fully pre-fund equity trades — considered a major sticking point — takes effect only on Nov. 2.
FTSE Russell South Korea Global Investors India Public Borrowing Bond Index Stock Market
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FAA vows to hold Boeing accountable, revamp agency safety programThe head of the Federal Aviation Administration will tell Congress on Tuesday the agency will hold Boeing accountable to ensure the planemaker is building...
Read more »
St. Lawrence Centre Revamp Uncertain As Costs Jump To $421MTeagan has covered Toronto, GTA, and Ontario cottage country real estate. Before coming to STOREYS as a staff writer, she was a freelance writer for Toronto Life and Cottage Life.
Read more »
$421M St. Lawrence Centre Revamp Faces CancellationTeagan has covered Toronto, GTA, and Ontario cottage country real estate. Before coming to STOREYS as a staff writer, she was a freelance writer for Toronto Life and Cottage Life.
Read more »
Palantir, Dell Among New S&P 500 Members as Index Rebalances(Bloomberg) -- Palantir Technologies Inc., Dell Technologies Inc. and Erie Indemnity Co. are set to join the S&P 500 as part of its latest quarterly...
Read more »
The rise in CPI shelter index is 'mysterious,' economist saysThe latest Consumer Price Index (CPI) data revealed shelter costs rose half a percent in August. UBS senior economist Brian Rose joins Seana Smith and Brad...
Read more »
Toronto Stock Index Rises On Broad-Based StrengthCanada's main stock index rose on Monday driven by broad market strength, while U.S. markets were mixed as investors awaited an anticipated interest rate cut later this week. The Dow Jones industrial average set a new record.
Read more »