JP Morgan unveils new ETF series

JP Morgan has launched a new series of exchange traded funds (ETFs) comprising four ETFs which provide exposure to the performance of European fixed income bonds. The ETFs track the sub-indexes of JP Morgan’s European Monetary Union Government Bond Index (GBI EMU) and are listed on NextTrack, the ETF segment of NYSE Euronext.

The ETF GBI EMU 1-3 years is based on the JP Morgan EMU Government Bond index 1-3 years and provides exposure to a basket of 50 European government bonds with maturities ranging between one and three years. Similarly, the ETF GBI EMU 3-5 years, ETF GBI EMU 5-7 years and ETF GBI EMU 7-10 years offer access to baskets comprising 44, 32 and 42 European government bonds, with maturities between three-five years, five-seven years and seven–10 years respectively.