Emerging markets can have greater custodial and operational risks, and less developed legal and accounting systems than developedmarkets. Please refer to the funds prospectus for more information. Match your investment goals to sustainable ETFs, Put cash to work with short-term bond ETFs, 3 core lessons every investor needs to know, iShares Spring 2023 Investment Directions, MEXICO (UNITED MEXICAN STATES) (GOVERNMENT), BRAZIL FEDERATIVE REPUBLIC OF (GOVERNMENT). Amounts are rounded to the nearest basis point, which in some cases may be "0.00". As a global leader, we deliver strategic advice and solutions, including capital raising, risk management, and trade finance services to corporations, institutions and governments. The JPM GABI US is constructed from over 3,200 instruments issued from over 50 countries, and collectively represents US$8.6 trillion in market value. PDF EMD Local Currency: Not All Indices Are the Same - State Street Global Review the MSCI methodologies behind Sustainability Characteristics using the links below. Alle Performance- und Index-Daten stammen von Morgan Stanley Investment Management. : opens new window to JPMorgan Chase & Co. Technology Media & Communications Conference. Capital Market Assumptions - April 2023 | Ninety One | Iceland The Funds are distributed by BlackRock Investments, LLC (together with its affiliates, BlackRock). Results generated are for illustrative purposes only and are not representative of any specific investment outcome. Read the prospectus carefully before investing. None of the Information in and of itself can be used to determine which securities to buy or sell or when to buy or sell them. The index was launched in June 2005 and is the first comprehensive global local Emerging Markets index. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses, which may be obtained by visiting the iShares Fund and BlackRock Fund prospectus pages. Performance would have been lower without such waivers. Alle In some instances, percentages may reflect the location where the issuer of the securities carries out much of their business. The ACF Yield is the discount rate that equates the ETF's aggregate cash flows (i.e., the sum of the cash flows of the ETF's holdings) to a given ETF price. J.P. Morgan deal team members may be employees of any of the foregoing entities. Typically, when interest rates rise, there is a corresponding decline in bond values. Free commission offer applies to online purchases of select iShares ETFs in a Fidelity account. GBI-EM Broad is the all-encompassing index. MSCI has established an information barrier between equity index research and certain Information. For standardized performance, please see the Performance section above. Index weights are rebalanced monthly. To be included in MSCI ESG Fund Ratings, 65% of the funds gross weight must come from securities with ESG coverage by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a funds gross weight; the absolute values of short positions are included but treated as uncovered), the funds holdings date must be less than one year old, and the fund must have at least ten securities. With over 50,000 technologists across 21 Global Technology Centers, globally, we design, build and deploy technology that enable solutions that are transforming the financial services industry and beyond. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. Before engaging Fidelity or any broker-dealer, you should evaluate the overall fees and charges of the firm as well as the services provided. WAL is the average length of time to the repayment of principal for the securities in the fund. Additionally, region specific coverage exists through the J.P.Morgan Asia Credit Index (JACI), the Russia Bond Index (RUBI), and the Latin America Eurobond Index (LEI). PMI Purchasing Managers Index:economic indicators derived from monthly surveys of private sector companies. For more information regarding the fund's investment strategy, please see the fund's prospectus. JPMorgan Government Bond Index-Emerging Markets Global Diversified Index MSCI has established an information barrier between equity index research and certain Information. Learn more. J.P.Morgans developed market indices include the local debt flagship products, the J.P.Morgan Government Bond Index (GBI) series and the Economic and Monetary Union (EMU) Government Bond Index. All data is from MSCI ESG Fund Ratings as of Mar 07, 2023, based on holdings as of Feb 28, 2023. Distribution Yield and 12m Trailing Yield results may have period over period volatility due to factors including tax considerations such as treatment of passive foreign investment companies (PFICs), treatment of defaulted bonds or excise tax requirements; exceptional corporate actions; seasonality of dividends from underlying holdings; significant fluctuations in fund shares outstanding; or fund capital gain distributions. [caption id="" align="aligncenter" width="624"] Source: VanEck Research; Bloomberg LP.[/caption]. For newly launched funds, Sustainability Characteristics are typically available 6 months after launch. Indexes are unmanaged and one cannot invest directly in an index. Review the MSCI methodology behind the Sustainability Characteristics and Business Involvement metrics: 1ESG Ratings; 2Index Carbon Footprint Metrics; 3Business Involvement Screening Research; 4ESG Screened Index Methodology; 5ESG Controversies; 6MSCI Implied Temperature Rise. Please note, this security will not be marginable for 30 days from the settlement date, at which time it will automatically become eligible for margin collateral. Prior to August 10, 2020, market price returns for BlackRock and iShares ETFs were calculated using the midpoint price and accounted for distributions from the fund. Percentages do not reflect fair valuation. Securities, syndicated loan arranging, financial advisory and other investment banking activities are performed by a combination of J.P. Morgan Securities LLC, J.P. Morgan Limited, J.P. Morgan Securities plc and the appropriately licensed subsidiaries of JPMorgan Chase & Co. in EMEA and Asia-Pacific. Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. Further, the manager's strategy may deploy investment techniques and instruments not used to generate Index performance. JPMorgan Government Bond Index-Emerging Markets Global Diversified Index -. JPMorgan EMBI Global Core Index - ETF Tracker - ETF Database This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses, which may be obtained by visiting the iShares Fund and BlackRock Fund prospectus pages. The Information is provided as is and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. For a given ETF price, this calculator will estimate the corresponding ACF Yield and spread to the relevant government reference security yield. Any opinions, projections, forecasts, and forward-looking statements presented herein are valid as the date of this communication and are subject to change. Before engaging Fidelity or any broker-dealer, you should evaluate the overall fees and charges of the firm as well as the services provided. For funds with an investment objective that include the integration of ESG criteria, there may be corporate actions or other situations that may cause the fund or index to passively hold securities that may not comply with ESG criteria. The index is a broad, diverse U.S. dollar denominated emerging markets debt benchmark that tracks the total return of actively traded debt instruments in emerging market countries. Certain sectors and markets perform exceptionally well based on current market conditions and iShares and BlackRock Funds can benefit from that performance. About: JPMorgan GBI-EM Index - dbpedia.org Spread of ACF Yield (7.71%) over 10.00 yr Treasury Yield (3.44%) As of 04/28/23 is + 427 bps. We also lead volunteer service activities for employees in local communities by utilizing our many resources, including those that stem from access to capital, economies of scale, global reach and expertise. (un indice equiponderato composto dal JP Morgan GBI-EM Global Diversified Index, dal JP Morgan EMBI Global Index e dal JP Morgan CEMBI BD Index). Performance chart data not available for display. JPM GBI - EM Global Diversied Index -11,69 -8,75 2,69 13,47 -6,21 15,21 9,94 -14,92 -5,72 -8,98 Alle Performanceangaben werden auf Basis der Nettoinventarwerte (NIW) und abzglich Gebhren berechnet. J.P. Morgan isnt responsible for (and doesnt provide) any products, services or content at this third-party site or app, except for products and services that explicitly carry the J.P. Morgan name. The after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. Type a symbol or company name. "Egypt will join the JP Morgan's GBI-EM index with 14 bond issuances worth around $24 billion, accounting for roughly 1.78% of the index. Prior to 01.02.17, 70% J.P. Morgan Emerging Markets Bond Index Global Diversified Investment Grade Total + 30% J.P. Morgan Corporate Emerging Markets Bond Index Broad Diversified Investment Grade Total. JPMorgan GBI-EM Global Diversified Local Currency Index Fund snapshot What does it invest in? In no event shall J.P. Morgan be liable for any use by any party of, for any decision made or action taken by any party in reliance upon, or for any inaccuracies or errors in, or omissions from, the information contained herein and such information may not be relied upon by you in evaluating the merits of participating in any transaction. For company information and brand assets for editorial use. Indexes are unmanaged and one cannot invest directly in an index. As announced in early 2018, JPMorgan Chase will deploy $1.75 billion in philanthropic capital around the world by 2023. ADVISORS: HELP MEET CLIENTS' NEEDS WITH iSHARES ETFs, MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES), MSCI Weighted Average Carbon Intensity % Coverage. Diversification does not ensure a profit or protect against a loss in a declining market. This breakdown is provided by BlackRock and takes the median rating of the three agencies when all three agencies rate a security, the lower of the two ratings if only two agencies rate a security, and one rating if that is all that is provided. J.P. Morgan GBI-EM Global Diversified 15% Cap 4.5% Floor Index We are a leader in investment management, dedicating to creating a strategic advantage for institutions by connecting clients with J.P.Morgan investment professionals globally. For standardized performance, please see the Performance section above. J.P. Morgan Investable Indices iShares funds are available through online brokerage firms.All iShares ETFs trade commission free online through Fidelity. The calculator provides clients with an indication of an ETF's yield and duration for a given market price. 2019 BlackRock, Inc. All rights reserved. iShares unlocks opportunity across markets to meet the evolving needs of investors. PDF Pictet - Short-Term Emerging Local Currency Debt - I USD The J.P.Morgan US Liquid Index (JULI) and the Morgan Aggregate Index Europe (MAGGIE) encompass fixed rate high-grade coverage across these two regions. Tutti i dati di performance sono calcolati in base al valore del patrimonio netto (NAV), al netto delle spese, e non comprendono le commissioni e gli The information displayed on this website may not include all of the screens that apply to the relevant index or the relevant fund. Mexico is a standout on this metric, and it remains to be seen whether the nearshoring story which is a great longer-term investment theme will help to shield the economy (and the Mexican peso) in the comingmonths. Emerging Markets Bond Index - EMBI: The emerging markets bond index is a benchmark index for measuring the total return performance of international government bonds issued by emerging market . Percentages do not reflect fair valuation. The GBI-EM GLOBAL excludes countries with explicit capital controls, but does not factor in regulatory/tax hurdles in assessing eligibility. GBI-EM Broad Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. Neither FTSE, LSEG, nor NAREIT makes any warranty regarding the FTSE Nareit Equity REITS Index, FTSE Nareit All Residential Capped Index or FTSE Nareit All Mortgage Capped Index. FTSE is a trademark of London Stock Exchange Group companies and is used by FTSE under license. Additional information about the sources, amounts, and terms of compensation can be found in the ETFs prospectus and related documents. 1)50% MSCI Emerging Markets Net (dividends reinvested after deduction of withholding tax) + 25% J.P. Morgan Government Bond Index Emerging Markets Global Diversified Gross + 15% J.P. Morgan Emerging Market Bond Index Global Diversified Gross + 10% J.P. Morgan Corporate Emerging Markets Bond Index Broad Diversified Gross. The index was launched in June 2005 and is the first comprehensive global local Emerging Markets index. Emerging markets involve heightened risks related to the same factors as well as increased volatility, lower trading volume, and less liquidity. BlackRock business involvement exposures as shown above for Thermal Coal and Oil Sands are calculated and reported for companies that generate more than 5% of revenue from thermal coal or oil sands as defined by MSCI ESG Research. Classified as the most investable of all three indices, the GBI-EM GLOBAL consists of China,Indonesia,Malaysia, Thailand, Czech Republic, Hungary, Poland, Romania, Turkey, Brazil, Chile, Colombia, Mexico, Peru, Egypt and South Africa. Sustainability Characteristics should not be considered solely or in isolation, but instead are one type of information that investors may wish to consider when assessing a fund. Learn how you can add them to your portfolio. Referenzindex JP Morgan GBI-EM Global 1-3 Years 10% Capped (USD) Annahmeschluss T CET 15:00 Rechnungsdatum Auftragsdatum + 1 Abwicklungstermin (Zeichnung) T+3 EM Weekly A Qualitative and Quantitative Emerging Markets Review April J.P. Morgan Global Aggregate Bond Index (JPM GABI) JPM GABI consists of the JPM GABI US, a U.S. dollar denominated, investment-grade index spanning asset classes from developed to emerging markets, and the JPM GABI extends the U.S. index to also include multi-currency, investment-grade instruments. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. Read the prospectus carefully before investing. Some funds may be based on or linked to MSCI indexes, and MSCI may be compensated based on the funds assets under management or other measures. The indices are the Emerging Markets Bond Index Plus, the Emerging Markets Bond Index Global and the Emerging Markets Bond Global Diversified Index . Investing in international markets carries risks such as currency fluctuation, regulatory risks, economic and political instability. Launched in November 2008, the JPM GABI represents nine distinct asset classes: Developed Market Treasuries, Emerging Market Local Treasuries, Emerging Markets External Debt, Emerging Markets Credit, US Credit, Euro Credit, US Agencies, US MBS, Pfandbriefe represented by well-established J.P.Morgan indices. Actual after-tax returns depend on the investor's tax situation and may differ from those shown. Index returns are for illustrative purposes only. International investing involves risks, including risks related to foreign currency, limited liquidity, less government regulation and the possibility of substantial volatility due to adverse political, economic or other developments. Fund expenses, including management fees and other expenses were deducted. Originally published by VanEck on April 27, 2023. Non-investment-grade debt securities (high-yield/junk bonds) may be subject to greater market fluctuations, risk of default or loss of income and principal than higher-rated securities. 2023 BlackRock, Inc. BLACKROCK, BLACKROCK SOLUTIONS, BUILD ON BLACKROCK, ALADDIN, iSHARES, iBONDS, FACTORSELECT, iTHINKING, iSHARES CONNECT, FUND FRENZY, LIFEPATH, SO WHAT DO I DO WITH MY MONEY, INVESTING FOR A NEW WORLD, BUILT FOR THESE TIMES, the iShares Core Graphic, CoRI and the CoRI logo are trademarks of BlackRock, Inc., or its subsidiaries in the United States and elsewhere. Serving the world's largest corporate clients and institutional investors, we support the entire investment cycle with market-leading research, analytics, execution and investor services. 2023 BlackRock, Inc. BLACKROCK, BLACKROCK SOLUTIONS, BUILD ON BLACKROCK, ALADDIN, iSHARES, iBONDS, FACTORSELECT, iTHINKING, iSHARES CONNECT, FUND FRENZY, LIFEPATH, SO WHAT DO I DO WITH MY MONEY, INVESTING FOR A NEW WORLD, BUILT FOR THESE TIMES, the iShares Core Graphic, CoRI and the CoRI logo are trademarks of BlackRock, Inc., or its subsidiaries in the United States and elsewhere. GBI-EM, referred to as the replicable or narrow series, also includes only countries that are low/middle income; however, it is the narrowest and most restrictive series. The developed markets indices also include the J.P.Morgan Cash Index, the US Agency Index, the Euro Linker Securities Index (ELSI), and the J.P.Morgan Municipal Bond Index (JMBI). The GBI-EM GLOBAL, launched in November 2006, is the latest addition to the GBI-EM family of indices, providing a readily investable version of the GBI-EM BROAD by excluding China and India. Although the following restriction may exist, it will not result in country exclusion: Registration of the foreign investor with the local supervisory authorities or notification of transactions is not considered a significant restriction. All other marks are the property of their respective owners. The U.S. lender will cut Russian debt from the JPMorgan ESG Emerging Market Bond Index and the JPMorgan ESG GBI-EM Global Diversified Index, according to a person familiar with the matter. EM Fixed Income is represented by the following JPMorgan Indicies: EMBI Global, GBI-EM Global Diversified, CEMBI Broad Diversified and CEMBI Broad High Yield. J.P.Morgan has consistently pioneered investor interest in Emerging Markets investments through the research and development of leading indices. Actual events or conditions are unlikely to be consistent with, and may differ materially from, those assumed. The index was launched in June 2005 and is the first comprehensive global local Emerging Markets index. It is constructed using the implied volatilities on S&P 500 index options. LONDON, April 9 (Reuters) - JPMorgan said it had placed Egypt and Ukraine under review for inclusion in its widely tracked Government Bond Index Emerging Markets (GBI-EM) suite. The maturity breakdown above is based on Weighted Average Life (WAL). LONDON, April 9 (Reuters) - JPMorgan said it had placed Egypt and Ukraine under review for inclusion in its widely tracked Government Bond Index Emerging Markets (GBI-EM) suite. These symbols will be available throughout the site during your session. Read the prospectus carefully before investing. The midpoint is the average of the bid/ask prices at 4:00 PM ET (when NAV is normally determined for most ETFs). : opens new window to JPMorgan Chase & Co. Technology Media & Communications Conference. Performance data is not currently available. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses, which may be obtained by visiting the iShares ETF and BlackRock Fund prospectus pages. J.P. Morgan isnt responsible for (and doesnt provide) any products, services or content at this third-party site or app, except for products and services that explicitly carry the J.P. Morgan name. The amounts shown above are as of the current prospectus, but may not include extraordinary expenses incurred by the Fund over the past fiscal year. Note that the ACF Yield will differ from the ETF's Weighted Avg YTM. Volume as of Apr 21, 2023 85,668.00 Read the prospectus carefully before investing. PDF PORTFOLIOANLAGEN Currency Debt - I CHF Pictet - Short-Term Emerging Please review its terms, privacy and security policies to see how they apply to you. The third is to prevent and resolve debt risks at leading high-quality developers. All data is from MSCI ESG Fund Ratings as of Mar 07, 2023, based on holdings as of Feb 28, 2023. Please note, this security will not be marginable for 30 days from the settlement date, at which time it will automatically become eligible for margin collateral. Credit risk refers to the possibility that the bond issuer will not be able to make principal and interest payments. Any applicable brokerage commissions will reduce returns. Non-investment-grade debt securities (high-yield/junk bonds) may be subject to greater market fluctuations, risk of default or loss of income and principal than higher-rated securities. Prior to August 10, 2020, market price returns for BlackRock and iShares ETFs were calculated using the midpoint price and accounted for distributions from the fund. Achieving such exceptional returns involves the risk of volatility and investors should not expect that such results will be repeated. Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. Certain information contained herein (the Information) has been provided by MSCI ESG Research LLC, a RIA under the Investment Advisers Act of 1940, and may include data from its affiliates (including MSCI Inc. and its subsidiaries (MSCI)), or third party suppliers (each an Information Provider), and it may not be reproduced or redisseminated in whole or in part without prior written permission. FTSE is a trademark of London Stock Exchange Group companies and is used by FTSE under license. Please review its terms, privacy and security policies to see how they apply to you. Tracker. 2 Min Read. The information displayed on this website may not include all of the screens that apply to the relevant index or the relevant fund. ADVISORS: HELP MEET CLIENTS' NEEDS WITH iSHARES ETFs, J.P. Morgan GBI-EM Global Diversified 15% Cap 4.5% Floor Index, MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES), MSCI Weighted Average Carbon Intensity % Coverage. J.P. Morgan GBI-EM Global Diversified 15% Cap 4.5% Floor Index. The amounts shown above are as of the current prospectus, but may not include extraordinary expenses incurred by the Fund over the past fiscal year. In addition, the wider investment team provides an update across the EM debt universe. You should consult your own tax, legal and accounting advisors before engaging in any transaction. Investing involves risk, including possible loss of principal. The midpoint is the average of the bid/ask prices at 4:00 PM ET (when NAV is normally determined for most ETFs). Fund expenses, including management fees and other expenses were deducted. foreign investors. Share this fund with your financial planner to find out how it can fit in your portfolio. J.P Morgan was the first to create an index that captured these assets. ETF. GBI-EM Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. While the print had no discernible impact on market expectations about next months rate hike by the U.S. Federal Reserve (88% implied probability or so), it did raise questions aboutpotential implications for emerging markets (EM),especiallyif U.S. growth weakness persistsdue to tightening creditconditions. This website provides clients with comprehensive coverage of J.P.Morgan's investable indices and strategies available across asset classes and regions. WAL is the average length of time to the repayment of principal for the securities in the fund. BlackRock leverages this data to provide a summed up view across holdings and translates it to a fund's market value exposure to the listed Business Involvement areas above. The flash estimate for the U.S. Q1 GDP growth was much weaker than expected, slowing to 1.1% quarter-on-quarter annualized vs. 1.9% expected. Although BlackRock shall obtain data from sources that BlackRock considers reliable, all data contained herein is provided as is and BlackRock makes no representation or warranty of any kind, either express or implied, with respect to such data, the timeliness thereof, the results to be obtained by the use thereof or any other matter. Neither MSCI ESG Research nor any Information Party makes any representations or express or implied warranties (which are expressly disclaimed), nor shall they incur liability for any errors or omissions in the Information, or for any damages related thereto. editorial@vettafi.com (ETF Trends) for The first goal is to support housing demand in order to increase developer revenue and stabilize home prices. JPMorgan EMBI Global Diversified Index - ETF Tracker For iShares ETFs, Fidelity receives compensation from the ETF sponsor and/or its affiliates in connection with an exclusive long-term marketing program that includes promotion of iShares ETFs and inclusion of iShares funds in certain Fidelity Brokerage Services platforms and investment programs. 1. All other marks are the property of their respective owners. These risks often are heightened for investments in emerging/developing markets or in concentrations of single countries. Source for data tables: Bloomberg, JPMorgan, Gramercy. They are provided for transparency and for information purposes only. Written by SeveralAsian economiesalso have significant trade exposure to the U.S., but their strongercorrelation with Chinas rebound should help to mitigate the negative impactof potential growth headwinds from the U.S. Staytuned! We are a leader in investment management, dedicating to creating a strategic advantage for institutions by connecting clients with J.P.Morgan investment professionals globally. The sale of ETFs is subject to an activity assessment fee (from $0.01 to $0.03 per $1,000 of principal). Note that the ACF Yield will differ from the ETF's Weighted Avg YTM. For more information on Aggregate Cash Flow Yield, see info here. For a given ETF price, this calculator will estimate the corresponding ACF Yield and spread to the relevant government reference security yield. Russia's share in JPMorgan's GBI-EM index, the main global benchmark for emerging market local currency bonds, now sits at 7.1% compared with 8.9% a year ago and the maximum possible 10% in 2014 . For standardized performance, please see the Performance section above. Below investment-grade is represented by a rating of BB and below. PDF E m e r g i n g M a r k e t s D o m e s t i c D e b t F u n d