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.

Country and Sectors Weightings

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

CountryComponentsWeight
Hong Kong1 1.84%
Israel3 7.67%
Malaysia18 10.12%
Thailand39 10.05%
United Arab Emirates1 2.60%
Brazil1 2.17%
China7 14.96%
Colombia2 7.07%
India1 1.53%
Mexico11 10.05%
Russia4 10.14%
South Africa12 9.93%
Croatia1 1.65%
Peru3 6.51%
Saudi Arabia1 3.70%
Total105 100.00%
SectorComponentsWeight
Energy9 9.45%
Utilities12 16.92%
Financial30 39.72%
Basic Materials3 3.07%
Communications9 5.38%
Diversified7 2.01%
Industrial10 11.57%
Total80 88.11%
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