JP Morgan cap cut will trim India's weight in EM bond index
The bank will lower the maximum country share to 9% as it phases Saudi Arabia and the Philippines into its GBI-EM index from January 2027.
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JP Morgan will add Saudi Arabia and the Philippines to its GBI-EM local-currency bond index over 10 months from January 29, 2027.
It will also cut the maximum weight any one country can hold in the diversified index to 9% from 10%.
India, China, Mexico, Malaysia and Indonesia will have their weights reduced to the new limit.