The inclusion of Indian onshore sovereign bonds in JPMorgan’s global benchmark index is expected to attract billions of dollars of inflows into rupee-denominated assets over the next few years, according to Mark Matthews, MD at Julius Baer. He also predicts that Morgan Stanley will move Korea from emerging to developed in its equity benchmark, which will lead to more capital flowing into emerging equity markets, with India likely to be a top destination. Despite a strong dollar and geopolitical concerns, Matthews believes that fund flows into India will remain positive.
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