JPMorgan to Launch Frontier Debt Index
JPMorgan is set to launch a new frontier market local currency bond index tracking 330 billion dollars of debt across 26 countries. The benchmark aims to provide investors with exposure to high-yielding emerging economies.
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JPMorgan Chase & Co will launch its GBI-EM Edge bond index by late September, tracking $330B in local-currency debt across 26 developing economies. The new benchmark arrives nearly 20 years after the bank debuted its hard-currency NEXGEM frontier index. Frontier economies represent a fifth of the global population but capture just 3.1% of capital flows, creating fresh demand for high-yielding sovereign debt.
