Selloff Brings Bond Bulls Back to India
- Low percentage of foreign ownership seen as a positive factor
- Indonesian rupiah and bonds also becoming attractive to Pimco
Bonds Slide in India as RBI Holds Rates
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The first back-to-back monthly losses since 2015 for India’s bonds are giving bulls fresh reason to add to their positions in what’s one of the world’s fastest-growing major economies.
Aberdeen Standard Investments says it’s “thrilled” to see a pullback in Indian asset prices that provides good value, while Pacific Investment Management Co., which had been reducing its holdings in the country’s debt, is looking to add back. Morgan Stanley Investment Management says it favors rupee bonds, though prefers to hedge its currency exposure.