New L&G ETF on Xetra: first access to Indian government bonds

A new exchange-traded fund issued by Legal & General Investment Management has been tradable on Xetra and Börse Frankfurt since Thursday.

The L&G India INR Government Bond UCITS ETF – Dist offers investors access to the Indian government bond market.

The Reserve Bank of India, in consultation with the Indian government, has introduced a new investment option for foreign investors in certain government bonds, the so-called Fully Accessible Routes (FAR). The FAR programme provides foreign investors with easier access to the domestic government bond market. It also facilitates the inclusion of Indian government bonds in global bond indices.

Only fixed-rate, zero-coupon bonds issued by the Indian government and denominated in Indian rupees with a minimum remaining maturity of two and a half years and a minimum outstanding volume of the equivalent of US$ 1 billion are included in the index. 

NameAsset classISINOn-going chargesDistribution policyReference index
L&G India INR Government Bond UCITS ETF – DistBond ETFIE00BL6K6H970.39 per centDistributingJ.P. Morgan India Government Fully Accessible Route (FAR) Bonds Index

The product offering in Deutsche Börse’s XTF segment currently comprises a total of 1,718 ETFs. With this selection and an average monthly trading volume of around €17 billion, Xetra is the leading trading venue for ETFs in Europe.

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Published on October 28, 2021

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