UBS launches new emerging markets bond ETF on Xetra

USB Global Asset Management has launched a new ETF providing access to the performance of US dollar-denominated short-term government bonds, quasi-government bonds and emerging market corporate bonds. The benchmark index for the UBS ETF - JP Morgan USD EM Diversified Bond 1-5 UCITS ETF (hedged to EUR) is the JP Morgan USD EM Diversified 3% capped 1-5 Year Bond hedged to EUR Index. Only short-term bonds with a remaining term of one to five years, an outstanding volume of at least USD 500 million and a rating above B- are included in the index. In addition, the maximum market capitalisatio...