Team Blitz India
NEW DELHI: JPMorgan Chase & Co. is on track to include India in its Emerging Market Debt Index from June with most of its clients ready to trade. “This was done based on the annual Index Governance Consultation process, market feedback so far has been largely positive, with the majority of our index clients already set up to trade in the IGB market,”Managing Director Gloria Kim said in an emailed reply to questions.
“As always, there are still teething issues when entering a new market, however we have found these to be related mostly to the operational readiness and flexibility of counterparties and custodians rather than barriers to entry,”Kim said while acknowledging the reforms made by Government.The difficulty in setting up to trade in India due to an elaborate documentation process has been one reason why foreign investors have been apprehensive about the nation’s entry into global indexes.
