There is a major shift occurring in global markets as investors pull billions of dollars out of China's slowing economy and redirect funds to India. After years of betting on China as the biggest growth story, Wall Street firms such as Goldman Sachs and Morgan Stanley are now endorsing India...
Goldman Sachs Projects $40 billion inflow into India’s Bond Markets
Goldman Sachs Group Inc. sees India’s inclusion to JPMorgan Chase & Co.’s key emerging market index spurring inflows upwards of $40 billion to the country’s bonds markets over the next 18 months. This includes passive flows of around $30 billion, and at least another $10 billion of active flows given...
Templeton Buys $1.2 Billion India Government Bonds
New York City's Franklin Templeton Investments bought about $1.2 billion of Indian government bonds in two days end March. The purchases, made through broker JPMorgan Chase & Co, were largely for tenures maturing in 2021-2023. Since March 11, when Prime Minister Narendra Modi’s party won an election in the state of...
JPMorgan Expands Footprint in India
New York-based JPMorgan Chase & Co. will open three branches in India, even as global competitors HSBC and UBS are scaling back to cut costs and bolster capital. JPMorgan is witnessing an increasing level of cross-border activity among its clients as they capture more business driven by India's economic growth, Madhav...