India among top EM beneficiaries after Vanguard move: JPM

Vanguard Group's switch to tracking the FTSE Group's benchmarks for six of its international index funds could benefit Brazil, Russia, India, and South Africa, but would be negative for the Chinese markets, JP Morgan estimated. Vanguard's cost-cutting move is part of a wider switch of 22 index funds away from tracking MSCI Inc benchmarks, and would lead to changes in the composition of the U.S. fund manager's global index funds ...