State Bank of India (SBI) has launched The FTSE SBI Bond Index Series at London Stock Exchange.
It is India’s first bond index series for overseas investors
It is India’s first bond index series for overseas investors
- It is termed as a first-of-its-kind transparent benchmark for investors in international markets.
- It will help the investors to analyse India’s government bond market.
- Right now there are no specific products linked to the index as yet, SBI has plans to come out with an exchange-traded fund (ETF) over the next 4-5 months.
The FTSE SBI Bond Index Series “demonstrates SBI’s commitment to play befitting leadership role” in development of India’s bond market, SBI said in a statement.
