Mubasher: JP Morgan has declined to give any comment on reports maintaining that it plans to include GCC countries in its bond indices.
JP Morgan Bank requires “too strict rules of eligibility” and these rumours, therefore, “may never come to pass”, an informed source told Reuters.
The US-based bank’s emerging markets bond index is widely-tracked by emerging market investors, which mean that the listing of any country in it can attract billions of dollars of investments in this country’s bonds, the international news agency reported.
