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JPMorgan to add Chinese government debt to indexes

Sep. 04, 2019 8:14 AM ETJPMorgan Chase & Co. (JPM) Stock, EMB, EMLCJPM, EMB, EMLCBy: Liz Kiesche, SA News Editor4 Comments
  • JPMorgan Chase (NYSE:JPM) plans to add Chinese government debt to its indexes, after three years of reviewing the bonds for inclusion and following a similar move by Bloomberg LP.
  • The validation of the country's assets is likely to attract more money from abroad.
  • The bank will add Chinese bonds to various indexes starting Feb. 28, 2020, with the biggest impact expected in its emerging-markets indexes.
  • One example is JPMorgan's flagship Government Bond Index-Emerging Markets Global Diversified index, which is tracked by investors managing an estimated $202B in funds.
  • Nine Chinese government bonds with maturities ranging from 5 to 10 years will be added to that index.
  • China's weight will be capped at 10% of the GBI-EM global diversified and narrow diversified indexes.
  • ETFs: EMBEMLC

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