JP Morgan to add Philippines and Saudi Arabia to key EM bond index
FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM
JP Morgan has announced plans to include Saudi Arabia and the Philippines in its emerging market debt index starting in 2027. The Saudi riyal-denominated sukuk and Philippine peso-denominated government bonds will be integrated over a ten-month period. The index is expected to…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishAdding new issuers to the EM index generates passive flows into Saudi and Philippine bonds.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01JP Morgan will include Saudi riyal sukuk and Philippine peso government bonds starting in 2027.
- 02The integration will take place over a ten-month period.
- 03The maximum country weight will fall from 10% to 9%, with Saudi Arabia at 2.71% and the Philippines at 1.64%.