According to a SEC filing, the three new ETFs will passively try to reflect the performance of a J.P. Morgan Custom Emerging Market Index, which hold investment grade U.S. dollar-denominated emerging market sovereign and corporate bonds.
Specifically, the short-duration SEMF ETF will track bonds with remaining maturities between 1 and 3 years. The intermediate-duration IEMF ETF will follow bonds with remaining maturities between 4 and 8 years. Lastly, the long-term LEMF ETF is comprised of bonds with remaining maturities of over 8 years.
For more information on new fund products, visit our new ETFs category.