- Index would track high-yield frontier local-currency bonds
- Move could drive major inflows into smaller economies
JPMorgan Chase is finalising plans to launch a new benchmark tracking local-currency government bonds issued by frontier economies, according to people familiar with the matter.
The proposed index would institutionalise one of the highest-yielding and riskiest corners of global fixed income, marking a further step in investors’ search for returns beyond crowded emerging-market assets.
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