MCB Capital Markets to launch first Mauritius-based India Sovereign Bond ETF

The fund will facilitate investment into the Indian bond market, which has traditionally been difficult for foreign investors to access because of minimum investment thresholds, ceilings on foreign holdings and other regulatory hurdles. MCB Capital Markets, an investment banking arm of MCB Group and Zyfin Holdings, an ETF manager, last week announced a partnership to launch MCB India Sovereign Bond Exchange Traded Fund, the first Mauritius-based fixed income ETF. “The ETF will be listed on the Stock Exchange of Mauritius with Indian sovereign bonds (G-Secs) as underlying asset,” a company statement said. Traditionally, investment into the Indian bond market has been difficult for foreign investors because of minimum investment thresholds, ceilings on foreign holdings and other regulatory hurdles. “MCB Capital Markets continues to innovate by facilitating its clients’ investments into one of the most rapidly growing economies and attractive bond markets in the world,” MCB Capital Markets Chairman Pierre-Guy Noel said.