MVIS EM Sovereign Bond Index (Local FX)

The modified market cap-weighted index tracks the performance of emerging markets sovereign bonds denominated in local currency. The MVIS EM Sovereign Bond Index (local FX) (MVEMSL) is derived from the MVIS EM Aggregate Bond Index (MVEMAG), which tracks the performance of emerging markets sovereign bonds and corporate bonds denominated in USD, EUR or local emerging markets currencies. To be included in MVEMAG 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.

Index Fundamentals

The tables below show fundamental data of the MVIS Bond Index.
Descriptive values are updated on a daily basis. The chart shows historical values on a monthly basis.

Average Yield to Maturity4.13
Average Modified Duration6.15
Average Years to Maturity8.92
Average Coupon6.12
Yield to Worst4.13
Current Yield5.54

Rating and Maturity Breakdown

The tables below show Bloomberg Composite Rating breakdown and Maturity breakdown of the index components.
The data are updated on a daily basis.

RatingCountWeight
High Yield22 17.78%
Investment Grade127 41.82%
Not Rated192 40.40%
MaturityCountWeight
0 - 3 Years76 21.85%
3 - 5 Years58 18.71%
5 - 7 Years53 16.25%
7 - 10 Years50 14.78%
10 - 15 Years49 12.55%
15 - 20 Years26 7.28%
20+ Years29 8.57%
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