JPMorgan to Add Philippine Bonds to Key EM Index in 2027

JPMorgan Chase & Co. said it will add Philippine local-currency bonds to its widely tracked emerging-market index early next year, a move expected to draw billions of dollars in foreign investment and help spur the nation’s economy.

The securities will be phased into JPMorgan’s Government Bond Index-Emerging Markets beginning Jan. 29, until they reach a 1.78% weighting, the Wall Street bank said in a note. Saudi Arabia will also be added, with a final weight of 2.52%.