JPMorgan Joins Bloomberg in Cutting Russia From Bond Indexes (1)

JPMorgan Chase & Co. said it will remove Russian bonds from all of its widely-tracked indexes, following MSCI Inc., Bloomberg LP and other benchmark providers in withdrawing the nation’s assets from key gauges.

Russia’s debt will be excluded from the JPMorgan Emerging Market Bond Index, the Government Bond Index-Emerging Markets, the Corporate Emerging Markets Bond Index and all of the bank’s other benchmarks, effective March 31, the firm said in a statement Monday.

JPMorgan’s move is the latest in a string of similar announcements from index providers after the nation invaded Ukraine and liquidity for many securities evaporated. Bloomberg is ...