|Bid||26.750 x 4000|
|Ask||26.760 x 4000|
|Day's Range||26.710 - 26.760|
|52 Week Range||26.030 - 29.930|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.50%|
Could Spike in Volatility Make Emerging Market Growth Stumble? The benefits of an emerging markets aggregate bond exposure may explain the increasing flows into these strategies. According to J.P. Morgan, strategies which blend corporate and sovereign exposure took in approximately $35 billion in 2017, a similar level to sovereign focused emerging markets strategies.
Dollar-denominated emerging market bonds and related exchange traded funds are under increased pressure as the Federal Reserve hikes interest rates, trade tensions escalate and the U.S. dollar strengthens. Year-to-date, the iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB) and Invesco Emerging Markets Sovereign Debt Portfolio (PCY) , which both track USD-denominated emerging market debt, declined 6.5% and 8.2%, respectively.
Many are still bullish on the EM fundamentals despite the recent selloffs. Are dollar-denominated EM bond ETFs better bets than equities right now?
On the one hand, fundamentals remain positive, and the global economic expansion appears to have momentum. From a flows perspective, we are seeing allocations along the risk spectrum by fixed income investors, with large inflows into both emerging markets debt as well as more conservative categories like ultra-short bonds.
Real yields in emerging markets (or EM) have remained at compelling levels over the past few years even as they continued to decline in developed markets, and even as nominal yield levels declined in some EM countries. Last summer we examined why real yields matter to emerging markets bond investors. Before we dive into the real yields that emerging markets are offering, let’s first make sure we understand what real yield is.
In recent years, some yield-starved investors embraced emerging markets debt as a way of increasing income, sending the popularity of exchange traded funds such as the iShares J.P. Morgan USD Emerging ...
As sovereign debt yields in developed markets plummeted and, in some cases, turned negative, income investors turned to emerging market debt for higher yields. Plenty of emerging markets bond exchange ...
The November Conference Board LEI reported the average consumer expectations for business conditions for October at 0.96, a sharp increase from the September reading of 0.43.
Venezuelan sovereign bonds have been among the world's most volatile. On Wednesday, the South American country unveiled a debt restructuring deal with Russia and, separately, earned words of encouragement ...
Consumer expectations data, which forms the only non-leading component of the Conference Board Leading Economic Index (or LEI), is collected through two different surveys. One of these surveys is conducted…...