iShares JPMorgan USD Emerg Markets Bond (EMB)

NYSEArca - NYSEArca Delayed Price. Currency in USD
116.48+0.48 (+0.41%)
At close: 8:00 PM EDT
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    3 Venezuela Experts: What's Next As Debt Swap, Protests Loom?

    Venezuela's state-controlled oil company Pdvsa has said today is the final day for some of its bond investors to accept a swap deal that is unpopular: it could result in default. Here are three experts on what's going on: Siobhan Morden, head of Latin America Fixed Income Strategy at Nomura Securities: " If PdVSA extends the deadline again, we would actually view as a positive signal that the deal is still live. There is flexibility until final settlement ahead of the November 2 PdVSA’17 amortization which also coincides with the October 28 payment of the PdVSA’2016 amortization.

  • Barrons.com3 days ago

    2 Venezuela Experts: Friday Bond Deadline, Elections Elevate Risk

    You've heard it before: things are coming to a head yet again in Venezuela. UPDATE: Also see our Friday, 10/21 post, 3 Venezuela Experts: What’s Next As Debt Swap, Protests Loom? The proposed bond swap by government-controlled oil company Petroleo de Venezuela or Pdvsa is not attracting interest, and the deadline for investors has been pushed forward several times.

  • Barrons.com4 days ago

    Emerging Markets: Why Inflation, Not China, Is Bigger Risk

    The iShares MSCI Emerging Markets exchange-traded fund (EEM) is up more than 18% this year including about 2 percentage points from dividends, while the iShares J.P. Morgan USD Emerging Markets bond ETF (EMB) has produced a total return of 13.6%, including roughly 10 points of price appreciation, with the rest from yield. Pictet Asset Management portfolio manager Simon Lue-Fong says that when he attended the recent the International Monetary Fund annual meetings in Washington and New York, he heard general optimism about emerging markets -- especially Latin America -- because of the slow recovery in commodity prices, the decline in inflation that has resulted for commodity producers, and general strength in EM currencies against the dollar. Pictet is the sub adviser to the Ivy Emerging Market Local Currency debt fund (IECAX), for which Lue-Fong is a co-manager, according to Morningstar.