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. Credit risk refers to the possibility that the bond issuer will not be able to make principal and interest payments. Global Core Index -. 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. GBI-EM Broad is the all-encompassing index. 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. 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. Certain sectors and markets perform exceptionally well based on current market conditions and iShares and BlackRock Funds can benefit from that performance. These materials are for your personal use only. This index also uses a narrower version of eligible bonds for Colombia. J.P. Morgans website and/or mobile terms, privacy and security policies dont apply to the site or app you're about to visit. Percentages do not reflect fair valuation. Investing in international markets carries risks such as currency fluctuation, regulatory risks, economic and political instability. 2 EMBI J.P. Morgan's initial EMBI was launched in 1992, covering so-called Brady bonds, which are dollar bonds issued mainly by Latin American countries. 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! Note that the ACF Yield will differ from the ETF's Weighted Avg YTM. Performance data is not currently available. 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. 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. The information herein represents the opinion of the author(s), but not necessarily those of VanEck. The J.P.Morgan index suite covers a variety of asset classes ranging from our flagship coverage of emerging markets and developed market bond indices to credit and tradeable index strategies: 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. 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. Distribution of these materials to others is not permitted unless specifically approved by J.P. Morgan. Neither FTSE, EPRA, LSEG, nor NAREIT makes any warranty regarding the FTSE EPRA Nareit Developed ex-U.S. Index, FTSE EPRA Nareit Developed Green Target Index or FTSE EPRA Nareit Global REITs Index. Emerging Markets Bond Index Plus Performance shown reflects fee waivers and/or expense reimbursements by the investment advisor to the fund for some or all of the periods shown. Information herein constitutes our judgment as of the date of this material and is subject to change without notice. For newly launched funds, Sustainability Characteristics are typically available 6 months after launch. JPMorgan GBI-EM Index - Index Suite Index Suite GBI-EM Broad GBI-EM Broad is the all-encompassing index. 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. The Funds are distributed by BlackRock Investments, LLC (together with its affiliates, BlackRock). Achieving such exceptional returns involves the risk of volatility and investors should not expect that such results will be repeated. This material is for the general information of our clients and is a solicitation only as that term is used within CFTC Rule 1.71 and 23.605 promulgated under the U.S. Commodity Exchange Act. 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. GBI-EM - JP Morgan's Government Bond Index - Emerging Markets: comprehensive emerging market debt benchmarks that track local currency bonds issued by Emerging market governments; . Indexes are unmanaged and one cannot invest directly in an index. Indexes are unmanaged and one cannot invest directly in an index. Fixed income risks include interest-rate and credit risk. The third is to prevent and resolve debt risks at leading high-quality developers. GBI-EM Meanwhile, exposure to South Korean won-denominated debt stood at 12% for. For standardized performance, please see the Performance section above. For a given ETF price, this calculator will estimate the corresponding ACF Yield and spread to the relevant government reference security yield. Source for data tables: Bloomberg, JPMorgan, Gramercy. Results generated are for illustrative purposes only and are not representative of any specific investment outcome. In some instances, percentages may reflect the location where the issuer of the securities carries out much of their business. Read the prospectus carefully before investing. ICRMH0719U-885409. The Information may not be used to create any derivative works, or in connection with, nor does it constitute, an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. All investing is subject to risk, including the possible loss of the money you invest. The cash flows are based on the yield to worst methodology in which a bond's cash flows are assumed to occur at the call date (if applicable) or maturity, whichever results in the lowest yield for that bond holding. Emerging markets can have greater custodial and operational risks, and less developed legal and accounting systems than developedmarkets. The index is a comprehensive global local emerging markets index, and consists of regularly traded, liquid fixed-rate, domestic currency government bonds to which international investors can gain exposure. This fund does not seek to follow a sustainable, impact or ESG investment strategy. Referenzindex JP Morgan GBI-EM Global 1-3 Years 10% Capped (USD) Annahmeschluss T CET 15:00 Rechnungsdatum Auftragsdatum + 1 Abwicklungstermin (Zeichnung) T+3 iShares unlocks opportunity across markets to meet the evolving needs of investors. 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. BLACKROCK, BLACKROCK SOLUTIONS, BUILD ON BLACKROCK, ALADDIN, iSHARES, iBONDS, 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 registered and unregistered trademarks of BlackRock, Inc., or its subsidiaries in the United States and elsewhere. Additional information about the sources, amounts, and terms of compensation can be found in the ETFs prospectus and related documents. EM Weekly A Qualitative and Quantitative Emerging Markets Review April Certain sectors and markets perform exceptionally well based on current market conditions and iShares and BlackRock Funds can benefit from that performance. As a global leader, we deliver strategic advice and solutions, including capital raising, risk management, and trade finance services to corporations, institutions and governments. 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. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. J.P.Morgan credit indices cover a wide range of instruments in primarily US and European markets. editorial@vettafi.com (ETF Trends) for Credit quality ratings on underlying securities of the fund are received from S&P, Moodys and Fitch and converted to the equivalent S&P major rating category. JPMorgan Chase and its affiliates do not provide tax, legal or accounting advice. Egypt, Ukraine under review for inclusion in JPMorgan's GBI-EM indexes More recently, J.P.Morgan led investors towards higher yielding local rates by launching the Government Bond Index-Emerging Markets (GBI-EM) series and the Corporate Emerging Markets Bond Index (CEMBI) series, both of which have become the new standard for local market and corporate EM benchmarks, respectively. 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. If the Fund invests in any underlying fund, certain portfolio information, including sustainability characteristics and business-involvement metrics, provided for the Fund may include information (on a look-through basis) of such underlying fund, to the extent available. 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. GBI-EM, referred to as the replicable or narrow series, is the most restrictive series. If the Fund invests in any underlying fund, certain portfolio information, including sustainability characteristics and business-involvement metrics, provided for the Fund may include information (on a look-through basis) of such underlying fund, to the extent available. With more than twenty years of experience and a global line-up of 1,250+ ETFs, iShares continues to drive progress for the financial industry. Please review its terms, privacy and security policies to see how they apply to you. Indices are shown for illustrative purposes only, are unmanaged and do not take into account market conditions or the costs associated with investing. 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. Capital Market Assumptions - April 2023 | Ninety One ETFs Tracking Other Mutual Funds FTSE is a trademark of London Stock Exchange Group companies and is used by FTSE under license. As of November 2013 the following 18 emerging market economies were part of the GBI-EM Broad index: Brazil, Chile, China, Colombia, Hungary, India, Indonesia, Malaysia, Mexico, Nigeria, Peru, Philippines, Poland, Romania, Russia, South Africa, Thailand, and Turkey. The returns shown do not represent the returns you would receive if you traded shares at other times. Index performance returns do not reflect any management fees, transaction costs or expenses. J.P.Morgan is a global leader in financial services, offering solutions to the world's most important corporations, governments and institutions in more than 100 countries. 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. Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments. J.P. Morgan GBI-EM Global Diversified 15% Cap 4.5% Floor Index "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. Below investment-grade is represented by a rating of BB and below. RESTRICTED DISTRIBUTION: Distribution of these materials is permitted to investment banking clients of J.P. Morgan. For general inquiries regarding JPMorgan Chase & Co. or other lines of business, please call +1 212 270 6000. All other marks are the property of their respective owners. GBI-EM Global [caption id="" align="aligncenter" width="624"] Source: VanEck Research; Bloomberg LP.[/caption]. Discuss with your financial planner today. 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. 1. Performance chart data not available for display. Emerging Market Investment Grade: Market Well Held The index was launched in June 2005 and is the first comprehensive global local Emerging Markets index. This information must be preceded or accompanied by a current prospectus. In addition, the wider investment team provides an update across the EM debt universe. Learn how key attributes of this fund could factor into your decision-making. 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. Copyright 2020 JPMorgan Chase & Co. All rights reserved. Emerging markets debt: Starting yields lift return potential Specifically, it includes all GBI-EM countries, as well as the Brazil NTN-F, LTN, and the Colombia local TES tasa fija bond. JPMorgan says U.S.-sanctioned Russian bonds could be excluded - Reuters iShares J.P. Morgan EM Local Currency Bond ETF | LEMB 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. (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). Pay Close Attention When Selecting an Emerging-Markets Bond Fund Investing involves risk including the risk of loss of capital. 2)Annualised yield = [(1+distribution per unit/ex-dividend NAV)^distribution frequency]-1. The Funds are distributed by BlackRock Investments, LLC (together with its affiliates, BlackRock). 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. Bonds are included in U.S. bond indices when the securities are denominated in U.S. dollars regardless of the domicile of the issuer. 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. iShares funds are available through online brokerage firms.All iShares ETFs trade commission free online through Fidelity. Index weights are rebalanced monthly. iShares unlocks opportunity across markets to meet the evolving needs of investors. It includes all eligible The JPMorgan Government Bond Index-Emerging Markets (GBI-EM) indices are comprehensive emerging market debt benchmarks that track local currency bonds issued by Emerging market governments.