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Stock impact report

Foreign Funds Pile Into Indian Debt Even as They Dump Stocks [Yahoo! Finance]

Franklin Resources, Inc. (BEN) 
Last franklin resources, inc. earnings: 4/30 08:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
Most Read from Bloomberg The Dark Prophet of Car-Clogged Cities Washington, DC, Region Braces for ‘Devastating' Cuts from Congress NYC Plans for Flood Protection Without Federal Funds A Malibu Model for Residents on the Fire Frontlines Foreigners bought $1.8 billion of rupee bonds this month so far, already higher than any monthly total since September, according to data compiled by Bloomberg. In contrast, global funds have sold over $2.6 billion of stocks amid concerns over slowing economic growth and high valuations. The prospects of the Reserve Bank of India cutting rates for the second time this year in April have boosted the appeal of fixed-income notes. India's improving yield advantage over US Treasuries and government bonds getting entry into major global indexes are also luring foreign buyers. “Indian bonds have positive real yield and carry to US Treasuries and they remain somewhat attractive,” said Carol Lye, portfolio manager at Brandywine Global Investment Show less Read more
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