J.P. Morgan includes Nigeria in new emerging-market bond index with 7.4% weight
J.P. Morgan has included Nigeria in its newly introduced Government Bond Index–Emerging Markets Edge (GBI-EM Edge), assigning the country a 7.4% weighting in the benchmark designed to track local-currency government debt across frontier emerging markets. The post J.P. Morgan includes Nigeria in new emerging-market bond index with 7.4% weight appeared first on Nairametrics .
J.P. Morgan has recently introduced a new benchmark, the Government Bond Index–Emerging Markets Edge (GBI-EM Edge), which includes Nigeria among its constituent countries. The country is assigned a 7.4% weight in this benchmark, indicating a significant presence in the index. This move comes more than a decade after Nigeria was removed from J.P.
Morgan's flagship emerging-market government bond index in 2015. The GBI-EM Edge specifically targets frontier emerging markets and local-currency government debt, tracking approximately $328 billion in debt across 425 instruments in 26 markets and 24 currencies. With $17.47 billion in eligible Nigerian government bonds, the country's inclusion in this new index could potentially enhance visibility and attract international fixed-income investors seeking higher yields.
Written by urgent.news from Nairametrics's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
