Loading…
Loading…
The VanEck J.P. Morgan EM Local Currency Bond ETF (EMLC) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the J.P. Morgan GBI-EM Global Core Index (GBIEMCOR), which is comprised of bonds issued by emerging market governments and denominated in the local currency of the issuer.
Is EMLC's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.
The long-run return forecast for the Global Market Index continued to edge higher in September. Fueled by a decline in financial markets last month, GMI's projected return increased for a fifth straight month.
VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC - Get Free Report)'s share price hit a new 52-week low on Monday. The company traded as low as $24.77 and last traded at $24.7750, with a volume of 726336 shares changing hands. The stock had previously closed at $24.96. VanEck J.P. Morgan EM Local Currency
Emerging market local currency debt has outperformed some other types of bond funds recently but now faces mounting headwinds. Favorable currency tailwinds are fading as the U.S. dollar has started to strengthen. Fed rate hikes are likely to support a stronger dollar. VanEck JP Morgan EM Local Currency Bond ETF's intermediate duration exposes it to some downside price risk as rates rise.
Diversifying into foreign bond markets has been a win for US investors this year, based on a review of a set of ETFs through Aug. 27's close. The Vanguard Total Bond Market ETF, a proxy for government and investment‑grade corporates, is essentially flat, posting a fractional 0.2% rise.