JPMorgan gets into italian ETF market

Borsa Italiana welcomes the first ETF issued by  J.P. Morgan Structured Fund Management. The ETF will be listed on the Open-end Index Funds - class 1 segment of ETFplus market. The investment target of "JPMorgan ETF GBI EMU" is to mirror the performance of  "JPMorgan EMU Government Bond Index".

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 ETF is equal to 0,15%.

Please download the relevant public notice:
VISUALIZZA PDF