India bond market harder to access, says Morningstar

Foreign investors would find India more attractive if the bond market becomes more accessible, said Mike Coop, chief investment officer (Europe, Middle East and Africa) at Morningstar Investment Management.

- Apoorva Ajith

Mike Coop, CIO, Morningstar Investment Management.

“[I think the bond market is pretty interesting, but harder to access as a foreigner particularly, you can’t access it directly very easily. Indian retail investors can’t even access it directly very easily, which is crazy,” Coop told Mint in an interview.

Morningstar Investment Management, an arm of Chicago-based Morningstar Inc., oversees over $300 billion globally, according to its website.

Coop’s comments come as India struggles to attract foreign capital this year amid global uncertainties, ranging from renewed trade tensions under US President Donald Trump to weak domestic earnings and stretched valuations.