MVIS EM Sovereign Bond (Local FX) Index

The MVIS EM Sovereign Bond (Local FX) Index (MVEMSL) tracks the performance of emerging markets sovereign bonds denominated in local currency. MVEMSL is a modified market cap-weighted index, and 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 the MVEMAG index, bonds must be issued by either 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.

Key Features

Derived from Unique Benchmark Sub-Index of MVEMAG, the first benchmark for emerging market debt that includes the four major categories of emerging market bonds.
Amount Outstanding At least 300 mln USD. To be included in the index bonds must have a minimum of 24 months remaining to maturity.
Review Monthly.
IndexLast CloseOpenLastChangeChange (1Y)Range (1Y)
 
1,643.77 1,643.77 --22.28%1,275.02 - 1,715.50
 
1,940.43 1,940.43 --27.80%1,474.20 - 1,980.64
 
1,286.29 1,286.29 --25.17%970.88 - 1,329.41
 
1,913.30 1,913.30 --22.09%1,471.63 - 1,983.10
 
1,309.31 1,309.31 --16.57%1,039.41 - 1,429.40
Symbol IndexName
MVEMAG MVIS EM Aggregate Bond Total Return Gross Index
MVEMCD MVIS EM Corporate Bond (USD&EUR) Total Return Gross Index
MVEMCL MVIS EM Corporate Bond (local FX) Total Return Gross Index
MVEMSD MVIS EM Sovereign Bond (USD&EUR) Total Return Gross Index
MVEMSL MVIS EM Sovereign Bond (Local FX) Total Return Gross Index
Up