MVIS® EM Corporate Bond (local FX) Index

The MVIS EM Corporate Bond (Local FX) Index (MVEMCL) tracks the performance of emerging markets corporate bonds denominated in local currency. MVEMCL 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, a quasi-sovereign issuer, or a corporate issuer whose primary country of risk is deemed to be an emerging market country.

Index Fundamentals

The tables below show fundamental data of the MVIS Bond Index.
Descriptive values are updated on a daily basis. The chart shows historical values on a monthly basis.

Average Yield to Maturity0.00
Average Modified Duration0.00
Average Years to Maturity6.58
Average Coupon0.00
Yield to Worst0.00
Current Yield0.00

Rating and Maturity Breakdown

The tables below show Bloomberg Composite Rating breakdown and Maturity breakdown of the index components.
The data are updated on a daily basis.

RatingCountWeight
High Yield5 11.60%
Investment Grade14 17.23%
Not Rated86 71.17%
MaturityCountWeight
0 - 3 Years33 32.97%
3 - 5 Years23 21.18%
5 - 7 Years22 20.00%
7 - 10 Years10 6.78%
10 - 15 Years5 5.01%
15 - 20 Years5 4.27%
20+ Years7 9.79%
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