MOSCOW (Sputnik) – The announcement comes on the first day of Indian Prime Minister Narendra Modi’s visit to the United Kingdom to explore closer economic cooperation between the third-most mutual trade partners.
"The launch of the Fund will for the first time allow foreign investors the opportunity to invest in these difficult-to-access but well researched AAA rated Indian companies," The Guardian quoted a joint statement issued by Britain’s Sun Global and Investments and India’s Zyfin Funds.
The ETF, in compliance with the EU-wide Undertakings for Collective Investment in Transferable Securities (UCITS), will target corporate bonds with an average duration of over 10 years with the aim of providing around 7-percent yields.
