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.

Country and Sectors Weightings

Country and Sector weightings are based on the weightings of all index components in a certain country or sector.

CountryComponentsWeight
Czechia14 4.02%
Hungary17 3.27%
Poland16 7.40%
Serbia5 0.40%
Turkey12 1.48%
Indonesia40 10.16%
Israel15 5.54%
Malaysia61 10.07%
Philippines1 0.08%
Thailand37 9.78%
Brazil9 8.91%
Chile8 1.73%
Colombia11 3.48%
Dominican Republic2 0.20%
Mexico13 9.23%
Nigeria14 1.62%
Russia25 6.81%
South Africa12 8.81%
Croatia5 0.54%
Ghana1 0.07%
Kazakhstan3 0.20%
Peru15 2.61%
Romania18 2.66%
Saudi Arabia3 0.56%
Sri Lanka3 0.19%
Ukraine1 0.10%
Uruguay1 0.07%
Total362 100.00%
SectorComponentsWeight
Financial1 0.06%
Government361 99.94%
Total362 100.00%
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