Positive outlook for Indian Government Bonds : Edelweiss AMC

Updated: Sep 23 2023 5:53PM

Kolkata, Sept 23 (PTI) Edelweiss Asset Management Company (AMC) expects increased demand and favorable market conditions for Indian Government Bonds (IGBs) over the medium term at current levels.

A research note of the mutual fund house said the inclusion of IGBs in JP Morgan global bond indices - Emerging Markets (GBI-EM) is likely to attract more flows to these bonds, primarily due to the lower correlation of IGBs with other emerging market and global bonds.

Foreign portfolio investors (FPIs) are expected to be drawn to IGBs for their relatively higher yields and better secondary market liquidity, it said.