The latest in funds and investments in the North American region.

JP Morgan AM
JP Morgan Asset Management has launched the JPMorgan USD Emerging Markets Sovereign Bond ETF.

The new exchange-traded fund tracks the JPMorgan Emerging Markets Risk-Aware Bond Index, created by JPMAM's quantitative beta strategies team, the firm said in a statment.

JPMB aims to provide exposure to USD denominated sovereign debt across emerging markets. The index utilizes a rules-based, three-step process that filters for liquidity, country risk and allocates risk based on credit rating.

It invests 80 per cent of its assets in securities included in the underlying index and will rebalance its portfolio on a monthly basis within each country and semi-annually across countries in accordance with the rebalancing of the underlying index.

JPMB is managed by a team led by quantitative beta strategies co-portfolio managers, Eric Isenberg and Niels Schuehle.