JPMorgan to cut China, India share in EM Bond Index

JPMorgan Chase & Co will cut the weight of the largest bond issuers in its flagship emerging-market index, diverting investor flows from the likes of China and India toward smaller nations. The Wall Street bank will gradually lower the issuer cap on its GBI-EM Global Diversified index in the first half of 2026, according to a client notice seen by Bloomberg. The limit will fall to 9% from 10% currently, with the implementation to be phased over a period of several months. The weighting reduction will affect Indonesia, Mexico and Malaysia, as well as China and India, among others.