JPMorgan Eyes Index Shake-Up After Russia’s Invasion of Ukraine
- Bank puts on hold Ukraine debt inclusion in GBI-EM index
- New securities from sanctioned Russian entities also excluded
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JPMorgan Chase & Co. may revise its widely followed bond indexes as sanctions pile up against Russia, a step that could push investment funds that track the benchmarks to stop buying the underlying securities.
The bank said Tuesday it is reviewing the inclusion of some debt from Russia, Belarus and Ukraine in its benchmarks. It also said new securities from sanctioned Russian entities will be excluded from the JPMorgan Emerging Market Bond Index, known as EMBI.