Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. 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. Free commission offer applies to online purchases of select iShares ETFs in a Fidelity account. ETFs Tracking Other Mutual Funds Learn how you can add them to your portfolio. As such, the funds sustainable characteristics may differ from MSCI ESG Fund Ratings from time to time. For more information on Aggregate Cash Flow Yield, see info here. The iShares J.P. Morgan USD Emerging Markets Bond ETF seeks to track the investment results of an index composed of U.S. dollar-denominated, emerging market bonds. 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. J.P. Morgan is a marketing name for investment banking businesses of JPMorgan Chase & Co. and its subsidiaries worldwide. Language links are at the top of the page across from the title. Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the fund. In a fast-moving and increasingly complex global economy, our success depends on how faithfully we adhere to our core principles: delivering exceptional client service; acting with integrity and responsibility; and supporting the growth of our employees. Spread of ACF Yield (7.63%) over 7.00 yr Treasury Yield (3.48%) As of 05/01/23 is + 415 bps. Alongside other metrics and information, these enable investors to evaluate funds on certain environmental, social and governance characteristics. Indices are shown for illustrative purposes only, are unmanaged and do not take into account market conditions or the costs associated with investing. Business Involvement metrics are not indicative of a funds investment objective, and, unless otherwise stated in fund documentation and included within a funds investment objective, do not change a funds investment objective or constrain the funds investable universe. The iShares Funds are not sponsored, endorsed, issued, sold or promoted by Bloomberg, BlackRock Index Services, LLC, Cboe Global Indices, LLC, Cohen & Steers, European Public Real Estate Association (EPRA ), FTSE International Limited (FTSE), ICE Data Indices, LLC, NSE Indices Ltd, JPMorgan, JPX Group, London Stock Exchange Group (LSEG), MSCI Inc., Markit Indices Limited, Morningstar, Inc., Nasdaq, Inc., National Association of Real Estate Investment Trusts (NAREIT), Nikkei, Inc., Russell, S&P Dow Jones Indices LLC or STOXX Ltd. None of these companies make any representation regarding the advisability of investing in the Funds. The Hypothetical Growth of $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. GBI-EM Global As external debt spreads compress and opportunities seem more appealing in local rates, the likely combination of increasing demand and supply will pave the way for deeper and broader local markets, which the GBI-EM will attempt to capture. Performance data is not currently available. RESTRICTED DISTRIBUTION: Distribution of these materials is permitted to investment banking clients of J.P. Morgan. Emerging markets (EM) hard and local currency denominated sovereign bonds rose in the fourth quarter of 2022, as a softer-than-expected inflation print in the US and the potential end to China's zero-COVID policy lured yield seeking investors. As Emerging Market governments look increasingly toward their domestic market for sources of finance . F: +33 1 44 45 41 92. Fund expenses, including management fees and other expenses were deducted. The screening applied by the fund's index provider may include revenue thresholds set by the index provider. This metric considers the likelihood that bonds will be called or prepaid before the scheduled maturity date. 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 . 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; . Copyright 2020 JPMorgan Chase & Co. All rights reserved. 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. Past performance does not guarantee future results. 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. GBI-EM Learn how key attributes of this fund could factor into your decision-making. Alle Performance- und Index-Daten stammen von Morgan Stanley Investment Management. 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. Credit risk refers to the possibility that the bond issuer will not be able to make principal and interest payments. ETF Trends->, By NataliaGurushinaChief Economist, Emerging Markets Fixed Income. based on the JP Morgan Global Bond Index, of our regional estimates*; US, Europe, Japan, UK, China sovereign bonds = Notional 10-year bond; Emerging (Local Currency) bonds = Country-weighted composites, based on the JP Morgan GBI-EM Global Diversified, of . 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. It includes all eligible countries regardless of capital controls and/or regulatory and tax hurdles for foreign investors. The JPMorgan Emerging Market Bond Index (EMBI) are a set of three bond indices to track bonds in emerging markets operated by J P Morgan. The developed markets index lineup has a long track record of investor adoption since the launch of the GBI Global in 1989, and has since expanded coverage through the GBI Broad and the EMU Index. Certain statements contained herein may constitute projections, forecasts and other forward looking statements, which do not reflect actual results. The foregoing shall not exclude or limit any liability that may not by applicable law be excluded or limited. Information has been obtained from sources believed to be reliable but J.P. Morgan does not warrant its completeness or accuracy. This is not an offer to buy or sell, or a solicitation of any offer to buy or sell any of the securities mentioned herein. 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. Index performance returns do not reflect any management fees, transaction costs or expenses. 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. 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. GBI-EM Amounts are rounded to the nearest basis point, which in some cases may be "0.00". This fund does not seek to follow a sustainable, impact or ESG investment strategy. 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. 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) berechnet. MSCI has established an information barrier between equity index research and certain Information. The information displayed on this website may not include all of the screens that apply to the relevant index or the relevant fund. The second point is market deepening. The GBI-EM indices is composed of only those countries from the GBI universe that meet criteria for an Emerging Market, resulting in 18 countries from four regions. Our financial advisors create solutions addressing strategic investment approaches, professional portfolio management and a broad range of wealth management services. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. High yield US dollar denominated sovereign bonds gained the most with spreads narrowing 175 basis . Lending, derivatives and other commercial banking activities are performed by JPMorgan Chase Bank, N.A. For more information regarding the fund's investment strategy, please see the fund's prospectus. The iShares J.P. Morgan EM Local Currency Bond ETF seeks to track the investment results of an index composed of local currency denominated, emerging market sovereign bonds. Referenzindex JP Morgan GBI-EM Global 1-3 Years 10% Capped (CHF) Annahmeschluss T CET 15:00 Rechnungsdatum Auftragsdatum + 1 Abwicklungstermin (Zeichnung) T+3 Volume as of Apr 21, 2023 85,668.00 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 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. 2019 BlackRock, Inc. All rights reserved. [caption id="" align="aligncenter" width="624"] Source: VanEck Research; Bloomberg LP.[/caption]. : opens new window to JPMorgan Chase & Co. Technology Media & Communications Conference. Any applicable brokerage commissions will reduce returns. Please refer to the funds prospectus for more information. These risks often are heightened for investments in emerging/developing markets or in concentrations of single countries. Below investment-grade is represented by a rating of BB and below. With the exception of BlackRock Index Services, LLC, who is an affiliate, BlackRock Investments, LLC is not affiliated with the companies listed above. The maturity breakdown above is based on Weighted Average Life (WAL). 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. Without the economic reforms over the past five years, especially the currency float, it would have been impossible to be relisted again," Ramses said. Read more about this topic: JPMorgan GBI-EM Index, Exile as a mode of genius no longer exists; in place of Joyce we have the fragments of work appearing in Index on Censorship.Nadine Gordimer (b. Visit the 360 Evaluator tool, exclusively for advisors, to analyze investments within a portfolio context in minutes. Click here to learn more on wealth management and investment services, Click here to know more about 2023 Market Outlook, Follow J.P.Morgan Chase & Co. on Facebook, : opens new window to JPMorgan Chase Careers. 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. Any distribution, copy, reprints and/or forward to others is strictly prohibited. Nigeria was placed on Index Watch in January following a series of administrative measures by the Central Bank of Nigeria that impeded the ability of foreign investors to access the FX market. GBI-EM, referred to as the replicable or narrow series, is the most restrictive series. The . Sustainability Characteristics do not provide an indication of current or future performance nor do they represent the potential risk and reward profile of a fund. The calculator provides clients with an indication of an ETF's yield and duration for a given market price. 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. As Emerging Market governments look increasingly toward their domestic market for sources of finance, investors are looking more closely at local markets in search for higher yield and greater diversification. 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. Accordingly, actual results will vary and the variations may be material. Past performance is no guarantee of futureperformance. 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. For standardized performance, please see the Performance section above. Fixed income risks include interest-rate and credit risk. The metrics do not change the funds investment objective or constrain the funds investable universe, and there is no indication that a sustainable, impact or ESG investment strategy will be adopted by the fund. 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, BRAZIL FEDERATIVE REPUBLIC OF (GOVERNMENT), MEXICO (UNITED MEXICAN STATES) (GOVERNMENT).