A recap up now via Reuters for a little moreL
- Chinese government bonds will be added to the FTSE World Government Bond Index (WGBI) over three years from the end of October, FTSE Russell said in a statement.
- HSBC said that with roughly $2.5 trillion tracking the WGBI, some $130 billion in inflows could be expected, given China’s eventual 5.25% weighting – about $3.6 billion a month.
Note (as in the previous post) :
- The 36-month phase-in is longer than the one-year process FTSE had flagged in September.