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Updated · Bloomberg · Apr 23JPMorgan to Include Philippine Bonds in Key Emerging Market Index
3 articles · Updated · Bloomberg · Apr 23
- JPMorgan Chase & Co. will add Philippine local-currency bonds to its Government Bond Index-Emerging Markets starting January 29, 2027.
- The Philippine bonds will be phased in, eventually reaching a 1.78% weighting in the index; Saudi Arabia will also be added at 2.52%.
- Inclusion is expected to attract foreign investment and potentially boost the Philippine economy.
What other emerging markets are next in line for JPMorgan's influential bond index? With Fitch's negative outlook, is the Philippines' bond inclusion a risky bet for JPMorgan's index? Will passive index funds now dictate Philippine economic policy more than its own central bank? Could the 2027 inclusion trigger a 'hot money' crisis for the Philippine peso? How will Saudi Arabia's Vision 2030 reforms impact the stability of its newly included bonds? After an exceptional 19% return in 2025, is the emerging market bond rally already over?