JPMorgan To Include India In Its Emerging Market Debt Index: What It Means
NDTV
JPMorgan announced that the index provider will add Indian securities to the JPMorgan GBI-EM index starting June 28, 2024.
Global investment bank JPMorgan Chase and Co. on Thursday announced that it would be adding India to its emerging market debt index with effect from June 28, 2024.
While the much-anticipated decision is widely seen as a big positive for the Indian debt market, here's a detailed look at exactly what it means for investors.
What is the JPMorgan emerging market debt index?
The JPMorgan emerging market debt index is officially called the JPMorgan Government Bond Index-Emerging Markets (GBI-EM) index. On its official website, JPMorgan said that it has led investors towards higher-yielding local rates by launching the GBI-EM series which has become the new standard for local market benchmarks.
