JPMorgan Global Emerging Markets Research Enhanced Index Equity Active UCITS ETF
Equity · EM · Large Cap Growth
Figures refer to the share class ISIN IE000Y4K4833, currency USD, retail share class.
Key facts
- Management company
- JPMorgan Asset Management (Europe) S.à r.l.
- Asset class
- Equity
- Geography
- EM
- Strategy
- Large Cap Growth
- Share class currency
- USD
- Share class inception
- 15.09.2021
- Fund size
- 2678 million (as at 14.09.2026)
- Management fee
- 0.30%
- Performance fee
- No
- Liquidity
- Not available in this publication
- UCITS
- Yes
- Risk grade (SRRI)
- Not available in this publication
- Registered in Switzerland
- Yes
Price history
Fund and benchmark rebased to 100 at 30.09.2021.
Table view
| Period | From | Fund (100 at start) | Benchmark (100 at start) |
|---|---|---|---|
| 1Y | 03.10.2025 | 127.2 | 126.8 |
| 3Y | 29.09.2023 | 181.7 | 191.4 |
| 5Y | 30.09.2021 | 135.2 | 153.7 |
Exchange closing price of the ETF, not its NAV; distributions not reinvested.
The benchmark is a total-return index and includes reinvested income.
In USD, the currency of the share class shown.
Fund history to 29.09.2026.
Benchmark history to 28.09.2026.
The table shows each series at its own ending date; the comparison periods are not identical.
Past performance is not a reliable indicator of future results, and the value of investments can fall as well as rise.
Performance against the benchmark
| 1M | 3M | 6M | YTD | 2025 | 2024 | 2023 | 1Y | 3Y | 5Y | Volatility | Sharpe R. | Max DD | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FundISIN IE000Y4K4833, currency USD, retail share class | 3.62 | -1.51 | 9.27 | 26.77 | 34.51 | 6.53 | 8.78 | 42.43 | 23.72 | Not available in this publication | 17.54 | 1.05 | -12.83 |
| BenchmarkMSCI EM NR USD | 3.37 | -1.22 | 8.05 | 24.08 | 33.57 | 7.50 | 9.83 | 39.25 | 23.23 | 8.18 | 17.39 | 1.03 | -13.06 |
| Differencefund minus benchmark, in percentage points | 0.25 | -0.29 | 1.22 | 2.69 | 0.94 | -0.98 | -1.05 | 3.18 | 0.48 | Not calculated: fund figure not available in this publication | – | – | – |
Within the list: OpenList — Active ETFs
Compared with the equity funds on OpenList — Active ETFs (8 funds), each in the share class and currency its list shows. Returns are in each share class's own currency and are not converted.
| This fund | Group median | Position | |
|---|---|---|---|
| Return 1Y | 42.43 | 27.02 | 1 of 8 |
| Return 3Y p.a. | 23.72 | 21.65 | 2 of 8 |
| 3Y p.a. over its own benchmark | 0.48 | 0.42 | 4 of 8 |
| Volatility 3Y | 17.54 | 13.59 | 7 of 7 (1 without a value) |
| Sharpe ratio 3Y | 1.05 | 1.17 | 6 of 7 (1 without a value) |
| Max drawdown 3Y | -12.83 | -8.63 | 8 of 8 |
| Management fee | 0.30% | 0.30% | 2 of 8 |
Position 1 is the highest value, except for volatility and the management fee, where 1 is the lowest; for max drawdown, 1 is the smallest fall.
Return against risk, 3 years
WSP report
Ask WSP which research is available for this fund and what it covers.
Enquire about WSP researchBack to the list: OpenList — Active ETFs
Performance: in %, in the currency of the share class shown. 3Y and 5Y are annualised. Volatility and Sharpe ratio are over three years; Max DD is the largest fall over three years.
– means not applicable. "Not available in this publication" means no value is shown here; it does not mean zero.
Period figures as of 31.08.2026.
This page is advertising within the meaning of the Swiss Financial Services Act. It is not an offer, a recommendation or investment advice. The prospectus and key information document for any fund shown may be obtained free of charge from its management company or Swiss representative
WSP commentary
Draft commentary, machine-generated from the fund's monthly factsheet dated 31.08.2026; key information document (PRIIPs), not yet reviewed by WSP.
Investment rationale
This fund is designed to give investors broad equity exposure to emerging markets while seeking long-term returns above the MSCI Emerging Market Index (Total Return Net). It is intended for investors who want emerging market exposure with risk characteristics broadly similar to the benchmark and who are prepared to accept the volatility of these markets. The summary risk indicator is 4 out of 7 and the recommended holding period is 5 years, which positions it as a long-term equity allocation. Its distinct feature is an actively managed research enhanced index approach that stays close to the benchmark while incorporating ESG characteristics, exclusions, and sustainable investment minimums.
Investment strategy
The stated objective is to achieve a long-term return in excess of the MSCI Emerging Market Index (Total Return Net) by actively investing primarily in a portfolio of emerging market companies. The Sub-Fund invests at least 67% of assets, excluding ancillary liquidity, in equity securities of companies domiciled in or carrying out the main part of their economic activity in emerging market countries, including smaller capitalisation companies. At least 51% of NAV is invested in companies with positive environmental and/or social characteristics and good governance as measured by proprietary ESG scoring and/or third-party data, and at least 20% of NAV is invested in Sustainable Investments under SFDR. The benchmark is used as a reference for performance comparison and portfolio construction, with the manager seeking to outperform it over the long term without tracking or replicating it; the fund may invest up to 40% in China A-Shares via Stock Connect and up to 40% of NAV in securities using VIE structures, may use derivatives for efficient portfolio management, normally pays dividends quarterly, and has a recommended holding period of 5 years.
Investment philosophy
• The portfolio is built from an emerging markets equity universe, investing primarily in companies domiciled in, or conducting the main part of their economic activity in, emerging market countries, including smaller capitalisation companies.
• The manager uses a fundamental, bottom-up stock selection process within a research enhanced index framework, overweighting securities considered to have the highest potential to outperform and underweighting or avoiding those viewed as most overvalued relative to the benchmark.
• ESG is built into the process through values- and norms-based screening, exclusions on certain industries and issuers, systematic ESG analysis on at least 90% of securities purchased, and minimum thresholds for companies with positive ESG characteristics; at least 51% of NAV must be in companies with positive environmental and/or social characteristics and good governance, and at least 20% in Sustainable Investments.
• Portfolio construction is described as diversified and risk controlled, with risk characteristics such as volatility intended to be broadly equivalent to the benchmark; the fund may invest up to 40% in China A-Shares via Stock Connect and up to 40% of NAV in VIE-related securities.
• As of 31 August 2026, the fund held 389 securities, with top positions including TSMC (9.7%), Samsung Electronics (8.3%), SK Hynix (5.7%) and Tencent (3.1%); regionally it was led by Taiwan (26.4%), China (21.8%), South Korea (20.9%) and India (10.9%), while sector weights were led by Information Technology (41.0%) and Financials (20.7%).
Management team
The named portfolio managers are Lina Nassar and Sonal Tanna.
The asset manager
The management company is JPMorgan Asset Management (Europe) S.à r.l., a member of JPMorgan Chase & Co. The documents state that J.P. Morgan Asset Management is the marketing name for the asset management businesses of JPMorgan Chase & Co. and its affiliates worldwide. The management company is located at 6, route de Trèves, L-2633 Senningerberg, Luxembourg. The Sub-Fund is authorised in Ireland and regulated by the Central Bank of Ireland.
Strengths
The fund combines active management with a research enhanced index approach that is intended to deliver excess return while keeping risk characteristics broadly similar to the MSCI Emerging Market Index. It is structured as an Article 8 strategy with explicit ESG implementation, including values- and norms-based screening, minimum investment thresholds for positive ESG characteristics, and a minimum 20% allocation to Sustainable Investments. The portfolio is diversified across 389 holdings but shows clear conviction in key emerging market technology leaders such as TSMC, Samsung Electronics and SK Hynix. It also offers exchange-traded access on the London Stock Exchange in both USD and GBX trading lines, with an ongoing charge of 0.35% in the factsheet.
Risks
The fund has a summary risk indicator of 4 out of 7, reflecting a medium risk classification, and the documents state that risk may be significantly higher if held for less than the 5-year recommended holding period. Because it invests in equity securities, the value of holdings can rise or fall rapidly based on company-specific developments and general market conditions, and shares can lose most or all of their value in bankruptcy or restructuring. Emerging markets exposure adds political, regulatory and economic instability, less developed custody and settlement, lower transparency, higher volatility and lower liquidity, while emerging market currencies can be especially volatile. Additional named risks include currency risk from holdings denominated in currencies other than the base currency, China A-Share access risk through Stock Connect including regulatory, quota, operational and counterparty risks, Indian foreign portfolio investor quota and tax risks, smaller company risk, the possibility that ESG exclusions cause different performance from non-ESG funds, benchmark underperformance risk, and risks linked to the use of derivatives for efficient portfolio management.