India’s UTI Pension Fund Pivots to Bonds After Equity Spree

India's third-largest pension fund is shifting allocations back into bonds after a year of heavy equity buying. The move should boost demand for Indian debt and could provide modest relief to the country's battered bond market, easing pressure on yields and credit spreads.

Analysis

India's third-largest pension fund is shifting allocations back into bonds after a year of heavy equity buying. The move should boost demand for Indian debt and could provide modest relief to the country's battered bond market, easing pressure on yields and credit spreads.