Tue, Jun 19, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

The Big Picture: India's fixed income market growing rapidly through reforms

Friday, October 13, 2017

amb
Varkki Chacko
Benedicte Gravrand, Opalesque Geneva:

Varkki Chacko manages the Ashburton India Fixed Income Opportunities Fund, which was launched in April 2014. Together with Richard J. Roy, principal at Credit Capital Investments, LLC, sub-advisor to the Fund, he talks to Opalesque about the developments in the fixed income market in India.

Varkki Chacko: The fixed income market in India is changing for the better. There is quite a bit of activity in the market, and with that, we are witnessing increased visibility.

If I was to talk to the advantages of the Indian fixed income market, I would point out a few things.

Number one, the market is somewhere north of $1.5 trillion in terms of total size. That makes it one of the larger fixed income markets in the world.

The second is, it is growing rapidly, as companies that traditionally used to rely on bank loans for their credit funding are utilizing the bond market to access credit. That is a phenomenon that Europe experienced; when the Euro came out in late 1999, the bond market in Europe was also developing. And similarly, companies that typically used to rely on bank loans started to access the bond market, primarily investment grade and some non-investment grade. That improved the abi......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. North America - George Soros: 'Everything that could go wrong has gone wrong'[more]

    From Marketwatch.com: George Soros, tell us how you really feel. 'Everything that could go wrong has gone wrong. [Trump] is willing to destroy the world.' The 87-year-old billionaire clearly isn't shy about expressing his generally liberal views and distaste for Trump's "America First" platform,

  2. Paper: The performance of stocks actively pitched by hedge funds[more]

    Using a novel dataset drawn from investment conferences from 2008 to 2013, I show that hedge funds take advantage of the publicity of these conferences to strategically release their book information to drive market demand. Specifically, hedge funds sell pitched stocks after the conferences to ta

  3. North America - US fundraising for special purpose acquisition vehicles hits record this year[more]

    From AFR.com: Special purpose acquisition vehicles (spacs) are hitting the US market at the fastest rate on record, attracting the likes of Goldman Sachs and hedge fund investor Daniel Loeb for the two largest such deals in 2018. Spacs have raised $US4.5bn so far in 2018, the largest amount fo

  4. Investing - Man Group and AQR try to take aim at private equity industry, Hedge funds poised to be winners in AT&T-Time Warner deal[more]

    Man Group and AQR try to take aim at private equity industry From FT.com: The popularity of private equity investments has prompted asset managers such as Man Group and AQR to devise strategies that aim to replicate PE returns but at a much lower cost to investors. Both companies a

  5. News Briefs: David Stemerman's hedge fund holdings shrank before his run for governor, nvestment manager TSW triggers succession plan, Alan Howard joins Peter Thiel investing in Cologne-based fintech startup[more]

    David Stemerman's hedge fund holdings shrank before his run for governor But the U.S. holdings of Stemerman's Greenwich hedge fund, Conatus Capital, shrank from $2.6 billion at the apex to just over $1 billion before he announced his move into politics. (Hartford Courant) Inv