The MVIS EM Sovereign Bond (Local FX) Index (MVEMSL) tracks the performance of emerging markets sovereign bonds denominated in local currency. MVEMSL is a modified market cap-weighted index, and is derived from the MVIS EM Aggregate Bond Index (MVEMAG), which tracks the performance of emerging markets sovereign bonds and corporate bonds denominated in USD, EUR, or local emerging markets currencies. To be included in the MVEMAG index, bonds must be issued by either an emerging markets sovereign, or quasi-sovereign issuer or a corporate issuer whose primary country of risk is deemed to be an emerging market country.
Learn how to license this index| Component | Coupon | Maturity | Country | Weight |
|---|---|---|---|---|
| LETRA TESOURO NACIONAL | 0.00% | 01 Jan 2024 | BR | 1.94% |
| SOUTH AFRICA GOVERNMENT BOND | 10.50% | 21 Dec 2026 | ZA | 1.67% |
| BRAZIL NOTAS DO TESOURO NACION | 10.00% | 01 Jan 2023 | BR | 1.41% |
| LETRA TESOURO NACIONAL | 0.00% | 01 Jul 2023 | BR | 1.22% |
| NOTA DO TESOURO NACIONAL | 10.00% | 01 Jan 2025 | BR | 1.15% |
| REPUBLIC OF SOUTH AFRICA | 8.00% | 31 Jan 2030 | ZA | 1.15% |
| NOTA DO TESOURO NACIONAL | 10.00% | 01 Jan 2027 | BR | 1.10% |
| SOUTH AFRICA GOVERNMENT BOND | 8.75% | 28 Feb 2048 | ZA | 1.09% |
| MEX BONOS DESARR FIX | 5.75% | 05 Mar 2026 | MX | 1.09% |
| MEXICAN BONOS | 8.50% | 31 May 2029 | MX | 0.95% |
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| Country | Components | Weight |
|---|---|---|
| Mexico | 13 | 9.33% |
| South Africa | 12 | 8.75% |
| Brazil | 9 | 8.53% |
| Russia | 25 | 6.93% |
| Poland | 15 | 6.87% |
| Israel | 15 | 5.69% |
| Czechia | 14 | 3.90% |
| Colombia | 11 | 3.70% |
| Hungary | 18 | 3.19% |
| Peru | 15 | 2.85% |
| Romania | 18 | 2.65% |
| Indonesia | 40 | 10.33% |
| Malaysia | 61 | 10.16% |
| Thailand | 37 | 10.05% |
| Nigeria | 14 | 1.67% |
| Chile | 8 | 1.63% |
| Turkey | 11 | 1.28% |
| Saudi Arabia | 3 | 0.61% |
| Croatia | 5 | 0.55% |
| Serbia | 5 | 0.40% |
| Kazakhstan | 3 | 0.21% |
| Dominican Republic | 2 | 0.20% |
| Sri Lanka | 3 | 0.18% |
| Ukraine | 1 | 0.10% |
| Philippines | 1 | 0.08% |
| Ghana | 1 | 0.07% |
| Uruguay | 1 | 0.07% |
| Total | 361 | 100.00% |
Sector weightings are based on the weightings of all index components in a certain sector.
| Sector | Components | Weight |
|---|---|---|
| Government | 360 | 99.94% |
| Financial | 1 | 0.06% |
| Total | 361 | 100.00% |
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