SBI launched Indian bond index series in London

0
18

State Bank of India (SBI) has launched the FTSE SBI Bond Index series in partnership with global index provider FTSE 100, which will give tools to investors from India, the UK and globally to analyse India’s government bond market, and drive growth in this market. This index, launched in collaboration with the London Stock Exchange, will ensure that international investors have an international benchmark that is transparent, that is well governed and that is something they can easily rely on.

SBI intentions is to give people a benchmark on which they can make investment calls with the launch of this index along with FTSE Russell .

There is a lot of capital wanting to come into India. But there was not enough depth in terms of the various types of products and what they lacked was a transparent benchmark on which people could rely. This index, launched in collaboration with the London Stock Exchange, will ensure that international investors have an international benchmark that is transparent, that is well governed and that is something they can easily rely on.

Waqas Samad, CEO of fixed income and multi asset benchmarks at FTSE Russell, said they would be working to develop index products that could “create greater awareness and foster liquidity across the Indian domestic fixed income spectrum”.

The launch has been described by the LSE as an “innovative” move, which demonstrates significant progress in the development of India’s bond market, a priority of the India UK Financial Partnership (IUKFP).