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GEMU ETF · BNP Paribas Easy JPM ESG EMU Government Bond IG 3-5 Y UCITS ETF
The GEMU Exchange Traded Fund (ETF) is provided by BNP Paribas Asset Management. It is built to track an index: J.P. Morgan ESG EMU Government Bond IG 3- 5 Year Index. The GEMU ETF provides physical exposure, so by buying it you actually own parts of all the 70 underlying holdings. The dividend policy is capitalization.
Last update 3/13/2026, 8:00 AM UTC
LIVE
CLOSED
This fund is part ofEUR Govs1M perf.-4.23%
Last price
€9.77
1M perf.
-1.06%
1M flows
+€28M
AuM
€2.04B
E/R
0.15%
Rating
ESG Consensus®
GEMU
€9.77
Performance & flows
Segment for quartile rank
December 12, 2025 → March 12, 2026
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GEMU
€9.81
+0.01%
EUR Govs
-1.81%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -1.06%  | +0.01% | +2.48%  | +8.50% | -2.09% | -1.50% | -0.28% | -0.28% | |
| Flows |
Key fund info
Segment for quartile rank
Main characteristics
ISIN
LU2244387457
AuM
€2.04B
E/R
0.15%
Replication rating
ESG Consensus®
More details
NAV
3/12/2026
€9.78
1D NAV change
-0.10%
Dividend policy
Replication method
Direct (Physical)
Replication model
Full replication
No. of holdings
70
Inception date
1/21/2021
Jurisdiction
Luxembourg
Distribution
Switzerland
Austria
Germany
Italy
Luxembourg
Legal structure
SICAV
Base currency
EUR
Classification
Product type
Benchmark
J.P. Morgan ESG EMU Government Bond IG 3- 5 Year Index
Asset class
Factors
N/A
Investment strategy
The Fund is an index-tracking passively managed fund.The Fund seeks to replicate (with a maximum tracking error* of 1%) the performance of the JPM ESG EMU Govt Bond IG 3-5Y (EUR) RI (the Index) by investing in debt securities issued by countries included in the Index, respecting the Index's weightings (full replication), or in a sample of debt securities included in the Index (optimised replication).
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Risk profile
Segment for quartile rank
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | +0.01% | +2.48%  | +8.50% | -2.09% |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
1
2
3
4
5
6
7
PRIIPS
1
2
3
4
5
6
7
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Countries
France
25.07%
Germany
22.83%
Italy
19.79%
Spain
14.86%
Netherlands
4.23%
Austria
3.95%
Belgium
3.41%
Portugal
2.04%
Ireland
1.92%
Other
1.87%
Sectors
Sovereign
95.14%
Unavailable
4.86%
Diversification
Total weight of top 15 holdings out of 70
Top 15 holdings
Data as of January 31, 2026
France, OAT 2.5% 25may2030, EUR
France, OAT 2.75% 25feb2029, EUR
France, OAT 2.75% 25feb2030, EUR
France, OAT 0.5% 25may2029, EUR
France, OAT 0% 25nov2030, EUR (4018D)
France, OAT 5.5% 25apr2029, EUR
France, OAT 0% 25nov2029, EUR (4018D)
Germany, Bobl 2.4% 18apr2030, EUR
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DE000BU25059
Germany, Bund 0% 15aug2030, EUR (3709D)
Germany, Bund 2.4% 15nov2030, EUR
Italy, BTP 5.25% 01nov2029, EUR
Spain, OBL 6% 31jan2029, EUR
Germany, Bund 2.1% 15nov2029, EUR
Spain, OBL 3.5% 31may2029, EUR
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Learn more about Trackinsight EnterpriseSustainability
Integrates ESG criteria
Yes
SDG
ESG Consensus® by Conser
Data as of December 31, 2025
MethodologyOur partner Conser gathers the industry's consensus on the business practices of the underlying holdings. We have computed the following metrics about GEMU ETF's sustainability, based on their methodology.
ESG Consensus®
ESG Consensus® is based on the Final Sustainability Grade, which itself consists of 10 grades. Our partner Conser calculates the exact grade, based on market intelligence, using their proprietary ESG Consensus® methodology.
GEMU’s has a Final Sustainability Grade of either A+, A, or A-.
A+
A
A-
B+
B
B-
C+
C
C-
D
This fund’s exact Final Sustainability Grade is available in Trackinsight Enterprise.
Learn more about Trackinsight EnterpriseHoldings review
100.03% of holdings have positive scoring
65.03%
35.00%
Consensus levels
Strong
Medium
Weak
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Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseReplication
Trackinsight replication rating:
Replication quality
Calculated over 12m, as of February 27, 2026
Tracking error
Tracking difference
Replication information
Index
J.P. Morgan ESG EMU Government Bond IG 3- 5 Year (TR) Index - EUR
Index ticker
GBIEIG35 Index
Index dividend policy
GTR
Replication method
Replication model
Built for professionals: access exclusive replication metrics in Trackinsight Enterprise.
Enterprise
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Learn more about Trackinsight EnterpriseIssuer
BNP Paribas Asset Management
BNP Paribas Asset Management ID Card
Number of funds
168
Total AuM
€43.34B
Expense ratio range
0.04% - 0.41%
Average expense ratio
0.1905%
Top 5 funds by BNP Paribas Asset Management
| AuM | ||
|---|---|---|
EEUE | BNP Paribas Easy MSCI Europe Min TE UCITS ETF | €3.3B |
ESD | BNP Paribas Easy S&P 500 UCITS ETF | €3.23B |
ESE | BNP Paribas Easy S&P 500 UCITS ETF | €2.87B |
JBEM | BNP PARIBAS EASY JPM ESG EMU Government Bond IG UCITS ETF | €2.25B |
SRIC3 | BNP Paribas Easy € Corp Bond SRI PAB 1-3Y UCITS ETF | €2.15B |
Frequently asked questions about GEMU
What does BNP Paribas Easy JPM ESG EMU Government Bond IG 3-5 Y UCITS ETF, GEMU, invest in?
GEMU is a Passive ETF. This ETF provides exposure to Eurozone Investment Grade Government Bonds.
Which benchmark or index does GEMU replicate?
GEMU tracks the J.P. Morgan ESG EMU Government Bond IG 3- 5 Year (TR) Index - EUR, through a full replication replication method.
What is the Total Expense ratio (TER) of GEMU?
GEMU carries a total expense ratio (TER) of 0.15%, indicating the annual cost for holding the fund.
When was GEMU launched?
GEMU was introduced to the market on January 21, 2021. It trades on Switzerland, among other exchanges
Who is the ETF issuer of GEMU?
BNP Paribas Easy JPM ESG EMU Government Bond IG 3-5 Y UCITS ETF, GEMU, is provided by BNP Paribas Asset Management. Learn more about BNP Paribas Asset Management here.
What is the current assets under management (AUM) of GEMU?
GEMU oversees €2.04B in assets as of March 12, 2026.
How has GEMU performed lately?
Based on data from March 12, 2026, GEMU returned -1.06% over the past month, 0.01% over the last three months and -0.28% year-to-date.
What are the latest inflows or outflows for GEMU?
As of March 12, 2026, GEMU recorded net flows of +€28M over the last month and +€104M year-to-date.
Does GEMU distribute dividends?
GEMU follows a capitalizing, meaning it reinvests income within the fund.
What are the main country or region exposures of GEMU?
As of January 31, 2026, GEMU has significant geographic allocations in France, Germany and Italy.
In which sector or theme does GEMU invest in?
As of January 31, 2026, GEMU focuses largely on Sovereign.
How many securities does GEMU hold and how diversified is it?
As of January 31, 2026, GEMU holds 70 positions in its portfolio, with 41.33% of assets concentrated in its top 15 holdings.
What are the main positions in GEMU?
As of January 31, 2026, GEMU top three holdings include France, OAT 2.5% 25may2030, EUR, France, OAT 2.75% 25feb2029, EUR and France, OAT 2.75% 25feb2030, EUR.
What is the base currency of GEMU?
The base currency of GEMU is EUR.
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