JPMorgan issues 4 new ETFs

Borsa Italiana welcomes on the Open-end Index Funds - class 1 segment of ETFplus market 4 new ETFs issued by  J.P. Morgan Structured Fund Management:

“JPMorgan ETF GBI EMU 1-3Y” (ISIN FR0010561183)
“JPMorgan ETF GBI EMU 3-5Y” (ISIN FR0010561225)
“JPMorgan ETF GBI EMU 5-7Y” (ISIN FR0010561241)
“JPMorgan ETF GBI EMU 7-10Y” (ISIN FR0010561258)

The investment target of the new ETFs is to mirror the performance of  their benchmark indices, which are the sub indices of the "JPMorgan EMU Government Bond Index" composed by European sovereign bonds with the following maturity bands:

- between 13 months and 3 years for the GBI EMU 1-3Y;
- between 3 and 5 years for the GBI EMU 3-5Y;
- between 5 and 7 years for the GBI EMU 5-7Y;
- between 7 and 10 years for the GBI EMU 7-10Y.

JPMorgan EMU Government Bond Index is a primary indicator of European Fixed Income performance and it is composed by more than 200 bonds issued by Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Netherlands, Portugal and Spain. The EMU index includes only liquid, bullet fixed-rate debt that has been issued by participating governments where the euro is the official currency, and no callable, putable or convertible features are allowed. The index is weighted by market capitalisation, country level weight are fixed throughout the month and change only on the rebalance date, which is at the close of the first weekday of each month.  The index is calculated on a total return basis which means that the payments from coupons are reinvested in the index.

The total expense ratio of the new ETFs is equal to 0,15%.

Please download the relevant public notice: VISUALIZZA PDF