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J.P. Morgan Asset Management unveils emerging markets sovereign bond ETF

Wednesday, January 31, 2018

Komfie Manalo, Opalesque Asia:

J.P. Morgan Asset Management (JPMAM), the asset management unit of investment bank J.P. Morgan Chase, has launched the JPMorgan USD Emerging Markets Sovereign Bond ETF (JPMB), which tracks the JPMorgan Emerging Markets Risk-Aware Bond Index.

The Emerging Markets Risk-Aware Bond Index was created by JPMAM's Quantitative Beta Strategies team and derived from J.P. Morgan's Corporate & Investment Bank flagship JPMorgan EMBI Global Diversified Index.

"Fixed income ETFs continue to revolutionize investing by providing access to an often challenging asset class in a liquid, transparent and cost-effective vehicle," said Joanna Gallegos, U.S. Head of ETFs for J.P. Morgan Asset Management. "With JPMB, clients can gain exposure to emerging market debt, which is a growing component of global bond markets, and it can serve as a diversifier to a core bond portfolio."

Gallegos explained that JPMB aims to provide exposure to USD denominated sovereign debt across emerging markets. The index utilizes a rules-based, three-step process that filters for liquidity, country risk and allocates risk based on credit rating.

It will invests 80% of its assets in securities included in the underlying index and will rebalance its portfolio on a monthly basis within each country and semi-annually across countries in accordance with the rebalancing of the underlying index.

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