JPMorgan Plans Emerging Bond ETF

JPMorgan Plans Emerging Bond ETF

Proposed ETF will offer factor exposures.
Reviewed by: Staff
Edited by: Staff

A recent filing from J.P. Morgan outlines plans for a fund targeting emerging market bonds denominated in USD. The JPMorgan USD Emerging Markets Bond ETF will track an unspecified benchmark derived from the J.P. Morgan Emerging Market Bond Index Global Diversified.

The fund’s underlying index will seek to target bonds with exposures to various factor characteristics. Its proprietary methodology incorporates liquidity and country risk in its selection process and relies on credit rating in its allocation of risk. The index draws its components from 65 different emerging market countries, according to the prospectus.

The fund will optimize its basket of holdings rather than holding every security in the index. In doing so, it will seek to preserve the fund’s exposure to various risk factors, including interest rate exposure, credit exposure and geographical exposure, the prospectus said.

Interestingly, the dominant fund in the emerging market bond space tracks another J.P. Morgan index and also targets debt denominated in USD. The iShares JP Morgan USD Emerging Markets Bond ETF (EMB) has $11.7 billion in assets under management, and began trading in 2007.

The filing did not include a ticker, expense ratio or listing exchange.

FactSet Covering Canada ETFs

FactSet announced on Friday that its database now covers Canadian-domiciled ETFs. The new available data includes constituent lists for 265 funds and time series for assets under management, net asset value, shares outstanding and daily fund flows. 

When available, the data also includes the fund’s designation in FactSet’s ETF classification system, structure, description, related service providers and underlying index information.

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