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Market Chatter: JPMorgan to Launch Frontier Market Local Currency Bond Index by End-September

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JPMorgan (JPM) is set to launch its frontier market local-currency government bond index by the end of September, Reuters reported Monday, citing a JPMorgan note to investors.

The new benchmark will be called "GBI-EM Edge" and will cover bonds from 26 countries, including Vietnam, Kazakhstan, Pakistan and Bangladesh, according to the report.

The index will include bonds of $250 million equivalent or above, which must have at least 2.5 years left to maturity and carry maximum weighting of 8%, Reuters said.

JPMorgan did not immediately respond to' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: $353.57, Change: $-2.67, Percent Change: -0.75%

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