JP Morgan plans local currency frontier markets index

JPMorgan is planning to launch a new index that will track local currency bonds from frontier markets. The index comes 15 after after the bank launch EXGEM, its hard currency frontier index.

It is believed that the index will include up to 25 countries, with the largest weightings going to Egypt, Vietnam, Kenya, Morocco, Kazakhstan, Pakistan, Nigeria, Sri Lanka and Bangladesh and the index is expected to only include bonds of a value of $250 million or greater.

More details are expected to be released by JP Morgan in the next few months.

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