JPMorgan has reached out to Venezuela bondholders about normalising the weighting of the country's international notes in its widely followed EMBI indexes...
NEW YORK/LONDON - JPMorgan has reached out to Venezuela bondholders about normalising the weighting of the country's international notes in its widely followed EMBI indexes, three sources with direct knowledge told Reuters.
The Wall Street bank had kept the bonds notionally in its influential emerging market fixed income index but dialed their weighting down to zero in November 2019 after Washington imposed sweeping sanctions. The decision on index membership and weighting is taken by JPMorgan, though any changes usually follow consultations with investors.
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