In Brief: Morgan Expanding Emerging-Market Index

J.P. Morgan & Co. plans to develop an expanded, emerging-markets fixed- income benchmark. The new index will use a World Bank-based definition of emerging markets and relaxed liquidity criteria to identify a broad number of countries eligible for inclusion.

The index will initially be restricted to U.S. dollar-denominated government and quasi-government issues. Morgan plans to introduce the new index in the second quarter.

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