JPMorgan Says China to Be Included in Benchmark Bond Indexes
- Move follows Bloomberg Barclays, which added China in April
- JPMorgan to start phased-in inclusion to GBI-EM early in 2020
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JPMorgan Chase & Co. will start a phased inclusion of Chinese government debt into its benchmark emerging-market indexes, potentially ushering in a fresh overseas influx into the world’s second-largest bond market.
China’s weight will be capped at 10% of the GBI-EM global diversified and narrow diversified indexes. The inclusion will begin Feb. 28. 2020, the bank said in a statement Wednesday. Goldman Sachs Group Inc. analysts earlier estimated that such a move could lead to about $3 billion of inflows into China’s bond market a month.