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.

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 Maturity5.16
Average Modified Duration6.03
Average Years to Maturity8.76
Average Coupon5.78
Yield to Worst5.16
Current Yield5.67

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 Yield46 22.77%
Investment Grade221 61.37%
Not Rated95 15.85%
MaturityCountWeight
0 - 3 Years76 21.96%
3 - 5 Years65 18.46%
5 - 7 Years51 14.72%
7 - 10 Years58 17.31%
10 - 15 Years54 12.12%
15 - 20 Years25 6.91%
20+ Years33 8.53%
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