Nigeria rejoins JP Morgan bond index after 11 years
Nigeria has been included in J.P. Morgan’s new Government Bond Index–Emerging Markets Edge, marking its return to the bank’s benchmark after 11 years. Read More: https://punchng.com/nigeria-rejoins-jp-morgan-bond-index-after-11-years/
J.P. Morgan has reintegrated Nigeria into its Government Bond Index–Emerging Markets Edge, marking the African nation's return to the bond index after an 11-year absence. Assigned a 7.4 percent weighting in the benchmark, Nigerian government bonds will now receive increased visibility among international fixed-income investors who use J.P.
Morgan indices as a tracking tool. The index, with a total value of $328 billion, tracks local-currency sovereign debt across emerging and frontier markets, including $17.47 billion worth of eligible Nigerian bonds in 16 instruments.
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