iShares, the ETF arm of fund manager BlackRock, has launched an ETF focused on Indian government bonds.
The iShares India INR Govt Bond Ucits ETF is listed on Euronext Amsterdam.
It is currently the fifth Indian government bond ETF listed in Europe, behind L&G, UTI Funds, Xtrackers and Tabula Investment Management.
The launch comes ahead of Indian sovereigns’ planned inclusion in JP Morgan indices as of June this year.
Nor is iShares the only ETF provider, domestic or overseas, looking to focus on India.
Mumbai-based Mirae Asset Mutual Fund has launched what comes as India’s first multi-factor ETF on the NiftySmallcap 250 index.
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