JPMorgan to Launch Frontier Market Local Currency Debt Index by Month End, Source Says
The benchmark will cover 26 countries and track nearly $330 billion in debt, with yields near 10.4% and an 8% cap per issuer.
- JPMorgan plans to launch its "GBI-EM Edge" benchmark by the end of September, providing a new index for nearly $330 billion in government debt across 26 frontier economies.
- The bank developed this index to meet rising investor appetite for higher-yielding government debt, which JPMorgan notes resembles core emerging markets in the early 2000s.
- To qualify for inclusion, bonds must have at least 2.5 years to maturity and an outstanding value of $250 million, while no single country can exceed an 8% index weighting.
- African nations account for 45% of the index, offering an average nominal yield of approximately 10.4%, and the benchmark has prompted Angola to expand its $18.6 billion domestic bond market.
- While the index promotes local-currency borrowing to reduce debt crises, investors face risks from currency depreciation and market volatility in these frontier economies.
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JPMorgan to launch long-awaited 'frontier' local currency debt index
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JPMorgan to launch frontier market local currency debt index by month end, source says
LONDON, Sept 14 : JPMorgan is set to launch its long-awaited "frontier" market local currency government bond index by end-September, giving investors a new benchmark for nearly $330 billion of debt across some of the world's fastest-growing economies.Coming 15 years after its hard-currency NEXGEM frontier in
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New benchmark will track $330bn in local-currency debt across 26 markets, boosting visibility of Nigerian bonds…. Nigeria is set to regain a place in the global fixed-income investment space, with J.P. Morgan including the country in a new frontier-market index that will assign Nigerian government bonds a 7.4 percent weighting. The new benchmark, known as …
Zambia Secures Place in New J.P. Morgan Frontier Bond Index
Zambia Secures Place in New J.P. Morgan Frontier Bond Index LUSAKA, 15 September 2026 — Zambia has secured a place in J.P. Morgan’s new GBI-EM Edge Index, putting the country’s local-currency government bonds on an international benchmark designed to track debt issued by frontier economies. The new index will track nearly US$330 billion in government […] The post Zambia Secures Place in New J.P. Morgan Frontier Bond Index first appeared on The Z…
J.P. Morgan Includes Morocco in Its ‘frontier’ Local Currency Debt Index – The North Africa Post
J.P. Morgan has placed Morocco among the core countries set to receive some of the highest weightings in its new GBI-EM Edge index, which tracks local-currency sovereign bonds across 26 frontier market economies. The international financial services firm will launch by end of September its “Government Bond–Emerging Market Index” (GBI-EM) covering almost $ 330 billion […]
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