Africa to Account for 45% of JPMorgan’s New Frontier Market Bond Index
JPMorgan will launch a new benchmark for frontier-market local-currency government bonds by the end of September, giving African debt markets the largest regional weight. The GBI-EM Edge will track about $328 billion across 425 bonds in 26 countries and 24 currencies. African markets will account for about 44.5% of the index, compared with 31.5% for…
