EMLOC
•
Fixed Income
UBS (LUX) FUND SOLUTIONS – J.P. MORGAN EM MULTI-FACTOR ENHANCED LOCAL CURRENCY BOND UCITS ETF (USD) A-DIS
TER (bps):
40
AUM (USD m):
51
ISIN:
LU1720938841
Domicile:
Luxembourg
Share Class Currency:
USD
ESG:
No
Geographical Focus:
Emerging Markets
As of:
14 Nov 2024
Climate Fund:
No
Benchmark
The J.P. Morgan Emerging Market Enhanced Multi-Factor Local Currency Bond Index aims to track the performance of eligible local currency debt issued by Emerging Market Sovereigns while seeking to generate incremental returns using short term (1-5 Year maturity) USD denominated EM sovereign/quasi-sovereign bonds and an overlay of momentum and carry factor exposures to EM FX currencies. The Index is based on the composition and established methodology of the J.P. Morgan EM Local Currency Government Bond benchmark (GBI-EM Global Diversified). EM local currency exposure of is replicated by investing 80% in eligible EM Local currency bonds with minimum maturity of 3 years and 20% in EM FX forwards, as measured by the corresponding J.P. Morgan EM Local Market Index (ELMI+) country sub-indices.
PERFORMANCE
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