Abrdn Adds Indian Bonds Amid Index Inclusion, Attractive Yields [Yahoo! Finance]
ABRDN PLC UNSP ADR (SLFPY)
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Source: Yahoo! Finance
(Bloomberg) -- Abrdn Plc is adding exposure to Indian sovereign bonds on attractive yields and amid expectations that their inclusion into global indexes will drive large inflows. Most Read from Bloomberg Trump Vows to Pay Fraud Trial Bond Cut by 68% to $175 Million Trump's Net Worth Hits $6.5 Billion, Making Him One of World's 500 Richest People After Exposing Realtors, Eliminate the Mortgage Interest Deduction Boeing CEO to Step Down in Overhaul Sparked by Safety Crisis “We're very positive about India,” said Stephen Bird, chief executive officer of the firm that manages and administers £495 billion ($626 billion) in assets. Still, he sees the market facing some uncertainty ahead of the national elections starting next month. India's debt market is projected to attract up to $40 billion of new money with JPMorgan Chase & Co set to add the country's bonds into its indexes from June. Foreigners currently hold just a fraction of Indian debt. Bloomberg Index Services Lt
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News
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- Deutsche Bank's DWS Reports Inflows; Assets Climb to Record High [BNN Bloomberg (Canada)]BNN Bloomberg
- Abrdn hits out at 'corporate bullying' over name change [Yahoo! Finance]Yahoo! Finance
- Mocking our company name is bullying, says Abrdn executive [Yahoo! Finance]Yahoo! Finance