JPMorgan says may review Ukraine’s inclusion into key local bond index

FILE PHOTO: A sign outside JP Morgan Chase & Co offices is seen in New York

LONDON – JPMorgan has said it may have to review plans to start including Ukraine government bonds in it influential GBI-Emerging Markets index at the end of the next month amid the country’s rapidly escalating crisis.

“Ukraine is currently scheduled to enter the GBI-EM indices on March 31, 2022. The inclusion may be subject to further review in the event of a material market disruption prior to March 31, 2022,” JPMorgan’s index unit said in a note dated February 23.

(Reporting by Marc Jones, editing by Karin Strohecker)

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