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QNB has announced its partnership with investment advisory firm ZyFin Capital to open the QNB ZyFin India Sovereign Bond Fund for private subscription , reported gulf times.
The fund is an open-ended one, which focuses fully on the India Sovereign Debt and is the first dedicated fund to invest fully in the Indian sovereign debt market.
It is also the first fund to benchmark itself against the S&P BSE India 10-year Sovereign Bond Index. This index was launched recently by Asia Index Private, a joint venture between S&P Dow Jones Indices and BSE.
The QNB ZyFin Sovereign Bond fund will provide global investors a cost-efficient access to one of the most promising and attractive bond markets in Asia, which is also its third largest economy and whose debt markets have traditionally been difficult to access.
The fund is an open-ended one, which focuses fully on the India Sovereign Debt and is the first dedicated fund to invest fully in the Indian sovereign debt market.
It is also the first fund to benchmark itself against the S&P BSE India 10-year Sovereign Bond Index. This index was launched recently by Asia Index Private, a joint venture between S&P Dow Jones Indices and BSE.
The QNB ZyFin Sovereign Bond fund will provide global investors a cost-efficient access to one of the most promising and attractive bond markets in Asia, which is also its third largest economy and whose debt markets have traditionally been difficult to access.
Source:
Mubasher
