Global Economic Research & Expertise

Tradeable Index Strategies: Fixed Income

GBI Global

The GBI Global index is J.P. Morgan's flagship index for fixed rate government debt. The index measures the total return from investing in 13 developed government bond markets - Australia, Belgium, Canada, Denmark, France, Germany, Italy, Japan, Netherlands, Spain, Sweden, UK, and US. The GBI Global is part of the GBI family of government debt indices. The EMU Government bond index measures the total return from investing in fixed rate debt issued by the EMU member governments.

The GBI indices are market capitalization weighted and bonds enter and leave the indices at the monthly rebalance. There are no size criteria for inclusion, but bonds must have a minimum remaining maturity of one year. Index returns are available hedged or unhedged in a variety of currencies. Daily index returns for the GBI Global hedged in USD are available back to March 31, 1993.

For more information on specific J.P. Morgan Tradeable Index Strategies, please review product descriptions below or contact your J.P. Morgan representative.

Index Strategies
Index Name Index Level Daily Ret(%) Mthly Ret Ann Ret Level Date
GBI Global Unhedged Euro 477.14 -0.30 7.21 18.36 20100528
GBI Global Unhedged US 436.79 0.40 2.83 20.02 20080331
GBI Global Hedged Euro 286.01 0.14 1.20 6.27 20100528
GBI Global Hedged US 333.41 0.00 0.65 1.25 20131031
JA: Japan Traded 243.05 0.00 0.29 3.24 20100528
EMU Bond Index in EUR 310.51 0.22 1.34 4.87 20131031
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Note: The data above may not be the latest available and should be used for information purposes only.

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Investment suitability must be determined individually for each investor, and the financial instruments described herein may not be suitable for all investors. The products described herein should generally be held to maturity as early unwinds could result in lower than anticipated returns. This information is not intended to provide and should not be relied upon as providing accounting, legal, regulatory or tax advice. Investors should consult with their own advisors as to these matters.

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