The modified market cap-weighted index tracks the performance of emerging markets sovereign bonds and corporate bonds denominated in USD, EUR or local emerging markets currencies. To be included in the index bonds must be issued by an emerging markets sovereign or quasi-sovereign issuer or a corporate issuer whose primary country of risk is deemed to be an emerging market country. Derived from MVIS EM Aggregate Bond Index (MVEMAG) are four sub-indices. The index is a unique benchmark and the first index for emerging market debt that includes the four major categories of emerging markets bonds. MVEMAG has been licensed to underlie financial products with currently USD 15.54 million in assets under management.
Sovereign bonds (USD&EUR): at least 500 mln USD. Sovereign bonds (local FX): at least 1000 mln USD. Corporate bonds and quasi-sovereign bonds (USD&EUR) and Corporate bonds and quasi-sovereign bonds (local FX): at least 300 mln USD.
Maturity
To be included in the index bonds must have a minimum of 24 months remaining to maturity.
Weighting Cap
3% per corporate bond issuer.
Review
Monthly.
Index
Last Close
Open
Last
Change
Change (1Y)
Range (1Y)
1,575.42
1,575.42
-
-
26.15%
1,162.07 - 1,627.67
1,800.91
1,800.91
-
-
30.16%
1,331.40 - 1,840.78
1,206.19
1,206.19
-
-
11.36%
869.60 - 1,285.59
1,826.35
1,826.35
-
-
30.99%
1,357.96 - 1,896.58
1,298.70
1,298.70
-
-
19.52%
951.77 - 1,369.29
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