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.
Learn how to license this index| Component | Coupon | Maturity | Country | Weight |
|---|---|---|---|---|
| EMPRESAS PUBLIC MEDELLIN | 8.38% | 08 Nov 2027 | CO | 5.23% |
| RUSSIAN RAILWAYS JSC | 9.08% | 31 Dec 2049 | RU | 5.20% |
| DELEK GROUP LTD | 4.30% | 20 Feb 2025 | IL | 3.81% |
| SAUDI REAL ESTATE | 2.65% | 03 Mar 2031 | SA | 3.70% |
| CHINA EVERBRIGHT | 3.70% | 18 Jun 2024 | HK | 2.95% |
| BANCO DE CREDITO DEL PER | 4.65% | 17 Sep 2024 | PE | 2.84% |
| FIRST ABU DHABI BANK | 3.40% | 18 Aug 2025 | AE | 2.60% |
| PETROLEOS MEXICANOS | 7.19% | 12 Sep 2024 | MX | 2.60% |
| BANK LEUMI LE-ISRAEL | 2.02% | 28 Feb 2025 | IL | 2.55% |
| EXPORT-IMPORT BANK CHINA | 2.70% | 12 Mar 2024 | CN | 2.48% |
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| Country | Components | Weight |
|---|---|---|
| South Africa | 12 | 9.93% |
| Israel | 3 | 7.67% |
| Colombia | 2 | 7.07% |
| Peru | 3 | 6.51% |
| Saudi Arabia | 1 | 3.70% |
| United Arab Emirates | 1 | 2.60% |
| Brazil | 1 | 2.17% |
| China | 7 | 14.96% |
| Russia | 4 | 10.14% |
| Malaysia | 18 | 10.12% |
| Mexico | 11 | 10.05% |
| Thailand | 39 | 10.05% |
| Hong Kong | 1 | 1.84% |
| Croatia | 1 | 1.65% |
| India | 1 | 1.53% |
| Total | 105 | 100.00% |
Sector weightings are based on the weightings of all index components in a certain sector.
| Sector | Components | Weight |
|---|---|---|
| Energy | 9 | 9.45% |
| Communications | 9 | 5.38% |
| Financial | 30 | 39.72% |
| Basic Materials | 3 | 3.07% |
| Diversified | 7 | 2.01% |
| Utilities | 12 | 16.92% |
| Industrial | 10 | 11.57% |
| Total | 80 | 88.11% |
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