Four fund managers told Reuters they expect Indian mutual funds to sell more government bonds after selling about $4.5 billion since July. AssetDefinition An asset is something that has economic value and can be owned or controlled by a person, company, or organisation. Assets can take many forms. A house, a piece...Read More managers sold a net ₹51 billion in the three sessions following the rate increase, adding to ₹378 billion sold in July–September.
Indian mutual funds are expected to continue selling government bonds after offloading around $4.5 billion since July. The Reserve Bank of India’s recent interest-rate hike and signals of further tightening have pushed yields higher, prompting fund managers to shift towards ShortDefinition A short is a market position that benefits when the price of an asset or market falls. Taking this type of position is commonly called going short or shorting....Read More-term government and corporate debt to reduce interest-rate RiskRisk is the possibility that the actual outcome of a trade, investment, or financial decision differs from the expected outcome and causes a loss or other unwanted result. Risk...Read More.