MVIS EM Aggregate Bond Index

The MVIS EM Aggregate Bond Index (MVEMAG) tracks the performance of emerging markets sovereign bonds and corporate bonds denominated in USD, EUR, or local emerging markets currencies. MVEMAG is a modified market cap-weighted index. To be included in the index, bonds must be issued by either an emerging markets sovereign, a quasi-sovereign issuer, or a corporate issuer whose primary country of risk is deemed to be an emerging market country.

Country and Sectors Weightings

Country and Sector weightings are based on the weightings of all index components in a certain country or sector.

CountryComponentsWeight
United States1 0.01%
Bulgaria9 0.25%
Czechia29 1.79%
Hungary36 1.79%
Lithuania14 0.35%
Netherlands1 0.01%
Poland23 2.84%
Serbia11 0.33%
Turkey103 3.03%
United Kingdom1 -
Bahrain27 0.60%
Hong Kong176 2.93%
Indonesia163 6.92%
Israel63 3.73%
Jordan7 0.14%
South Korea1 0.01%
Malaysia111 4.85%
Pakistan8 0.18%
Philippines66 1.35%
Thailand108 4.40%
United Arab Emirates148 4.08%
Vietnam2 0.04%
Angola5 0.18%
Argentina34 0.45%
Belize1 0.01%
Bolivia3 0.04%
Brazil173 7.69%
Chile116 2.88%
China864 4.41%
Colombia67 3.06%
Costa Rica9 0.16%
Ivory Coast8 0.20%
Dominican Republic17 0.61%
Ecuador4 0.25%
Egypt28 0.76%
El Salvador11 0.14%
Gabon3 0.05%
India137 2.23%
Mexico230 8.89%
Morocco12 0.26%
Nigeria30 0.97%
Panama28 0.81%
Russia123 5.45%
South Africa73 4.53%
Azerbaijan6 0.20%
Barbados1 0.01%
Belarus7 0.08%
Croatia17 0.59%
Georgia5 0.06%
Ghana18 0.34%
Guatemala11 0.18%
Honduras4 0.05%
Iraq2 0.06%
Jamaica9 0.24%
Kazakhstan21 0.65%
Kenya6 0.16%
Kuwait18 0.38%
Latvia9 0.25%
Mongolia7 0.08%
Namibia1 0.02%
Oman25 0.80%
Paraguay10 0.16%
Peru81 2.61%
Qatar51 2.08%
Romania55 2.21%
Saudi Arabia65 3.41%
Senegal4 0.09%
Sri Lanka13 0.22%
Tanzania1 0.02%
Tunisia3 0.05%
Ukraine26 0.66%
Uruguay10 0.43%
Zambia7 0.22%
Total3,577 100.00%
SectorComponentsWeight
Energy307 7.93%
Utilities255 3.81%
Financial1,056 12.08%
Basic Materials227 4.25%
Communications167 2.30%
Diversified31 0.42%
Technology5 0.05%
Industrial189 2.02%
Government1,087 63.59%
Total3,324 96.45%
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