Nippon Life India Asset Management (Singapore) Pte. Ltd. (wholly owned subsidiary of Nippon Life India Asset Management Limited) on Monday said that through collaborating with DWS, it is providing portfolio management and investment advisory services to the European-listed Indian Government Bond ETF.
Indian rupee-denominated government bonds issued by the Indian government for reasons of limited liquidity and accessibility are not included for the time being in flagship indices such as Bloomberg Global-Aggregate or J.P. Morgan Government Bond – Emerging Markets Global Diversified, it said. The FAR is a separate channel established by the Reserve Bank of India, in consultation with the Government of India, through which eligible investors can invest in specified Government securities without any investment ceilings. The instruments comprise FAR-eligible fixed-rate and zero-coupon bonds.
