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BSAE (Invesco BulletShares (R) 2021 USD Emerging Markets Debt ETF) is no longer actively trading.
This usually means the fund has been liquidated, merged into another product, or its ticker has been retired. Every price, valuation, dividend, and analyst figure on this page is frozen at the last available trading session and reads as historical reference — not a current-day signal.
The investment seeks to track the investment results (before fees and expenses) of the Nasdaq BulletShares® USD Emerging Markets Debt 2021 Index (the underlying index). The fund generally will invest at least 80% of its total assets in securities that comprise the index. The index seeks to measure the performance of a portfolio of U.S. dollar-denominated emerging markets bonds with maturities or, in some cases, effective maturities in the year 2021. The fund is non-diversified.
Issuers are rolling out new products and renovating existing ones in the final month of 2021.
Plus, a large number of name and index changes occurred during the past two weeks.
Performance of emerging markets local currency bonds has been negatively impacted by the U.S. dollar's strength since mid-year, despite the higher real yields and upside growth surprises in many emerging markets. Currency returns can be volatile, and external factors can have a bigger short-term impact on an emerging markets currency (EMFX) even if relatively attractive fundamentals may provide longer-term support.
Past experience shows us that emerging markets have historically reacted positively to higher global rates, especially if the latter reflects an improving global growth outlook. Most emerging markets will start normalizing rates well before the U.S. and developed markets.
Today, China's economic recovery continues ticking along, and we are even seeing some indicators showing growth relative to last year.