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JPMorgan to Exclude Russia From Two ESG Sovereign Bond Indexes
- The JPMorgan ESG Emerging Market Bond Index will be altered
- Its ESG GBI-EM Global Diversified Index will also be affected
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JPMorgan Chase & Co. is planning on excluding Russian debt from two ESG versions of its sovereign bond indexes.
The U.S. lender will cut Russian debt from the JPMorgan ESG Emerging Market Bond Index and the JPMorgan ESG GBI-EM Global Diversified Index, according to a person familiar with the matter. The bank is expected to announce the decision later today, said the person, who asked not to be identified because the matter is private.