JPMorgan Chase & Co. will add Bharatiya government bonds to its benchmark emerging-market index. Notably, the index provider will add the securities to the JPMorgan Government Bond Index-Emerging Markets starting June 28, 2024. The South Asian nation will have a maximum weight of 10% on the index. Bharat’s addition to a major global gauge investor’s greater access to the world’s fastest-growing large economy that offers some of the highest returns in the region. According to HSBC Holdings Plc, the inclusion may also prompt flows of as much as $30 billion.
