NEW YORK—Russia will be excluded from all of JPMorgan’s fixed income indexes on March 31, the bank said in a statement on Monday, joining rival index providers that had excluded Russian securities from their indexes after Moscow’s invasion of Ukraine. JPMorgan had placed Russia on index watch on March 1 after sanctions were imposed on the country. The Wall Street bank runs the widely followed family of sovereign hard-currency indexes EMBI, as well as a corporate debt counterpart CEMBI. It also has the GBI-EM benchmark for local debt in emerging currencies and the JESG index governed by environmental, social, and governance (ESG) factors. Russia will be excluded from the EMBI indexes, including the investment grade and other credit bucket sub-indexes, the bank said on Monday. Local-currency denominated Russian bonds will be excluded from the GBI-EM indices and accrued interest for such bonds will be set to zero and suspended as …
Russia Will Be Excluded From All JPMorgan Fixed Income Indexes
March 8, 2022
admin
Business & EconomyCompanieseconomyEuropeincomeindexesJPMorganMarketsRussiaRussia-Ukraine WarsanctionUkraineWorld
0 Comment