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JPMorgan to remove UAE from its emerging market bond indexes

JPMorgan Chase said it will remove the UAE from its emerging-market bond indexes by June after the Middle Eastern nation exceeded the bank’s measures of wealth for three successive years. The UAE, which accounts for 4.1 per cent of the JPMorgan’s global diversified EM bond universe, will make its exit in four equal decrements beginning March 31, the New York-based bank said.  [...]