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Quote on FPI : This triggered a crash in U.S. bond yields with the 10-year going below 4percent says Dr. V K Vijayakumar, Geojit Financial Services
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Below the quote on FPI from Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
India is one of the top investment destinations of FPIs. There is a near consensus now in the global investing community that India has the best prospects among the emerging economies for sustained growth for many years to come. This growth has the potential to create phenomenal wealth through the stock market. FPIs are investing to benefit from this potential wealth creation.
After the inclusion of India in the JPMorgan Emerging Market Bond Index, there is high enthusiasm to invest in Indian government bonds. Some institutions may have already started buying. Now that the U.S. bond yields have corrected significantly, Indian bonds will attract more investment."
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Market Outlook: US bond yields, dollar index, FII data key triggers for next week
