VanEck JP Morgan EM Local Currency Bond ETF
EMLC
Market cap $2.7B

24.14 USD

+0.12

0.50%

At close Apr 17, 4:00 PM EDT

1 day

0.50%

5 days

1.60%

1 month

0.04%

3 months

4.37%

6 months

-1.39%

Year to date

4.28%

1 year

1.39%

5 years

-16.30%

10 years

-41.04%

0

Funds holding %

of 7,407 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

4,129% more call options, than puts

Call options by funds: $592K | Put options by funds: $14K

21% more repeat investments, than reductions

Existing positions increased: 80 | Existing positions reduced: 66

6% more first-time investments, than exits

New positions opened: 38 | Existing positions closed: 36

2.23% less ownership

Funds ownership: 65.95% [Q3] → 63.71% (-2.23%) [Q4]

3% less funds holding

Funds holding: 234 [Q3] → 227 (-7) [Q4]

14% less funds holding in top 10

Funds holding in top 10: 7 [Q3] → 6 (-1) [Q4]

16% less capital invested

Capital invested by funds: $1.96B [Q3] → $1.64B (-$312M) [Q4]

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Research analyst outlook

We haven’t received any recent analyst ratings for EMLC.

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Financial journalist opinion

Foreign Stocks, Commodities Lead Major Asset Classes This Year

Global equities ex-US are the leaders, along with a broad measure of commodities, based on a set of ETFs through Friday's close. Vanguard FTSE Developed Markets ETF has rallied 7.2% so far this year.

Foreign Stocks, Commodities Lead Major Asset Classes This Year

EM Bonds Could Be Ideal 2025 Fixed Income Idea

Domestic bond yields shot higher Wednesday following Election Day. That could give some fixed income investors pause about riskier corners of the global bond market.

EM Bonds Could Be Ideal 2025 Fixed Income Idea

EMLC: This Bond ETF Has Been A Wealth Erosion Vehicle

EMLC, a bond ETF focused on emerging markets, has delivered negative returns over the past decade, while exposing investors to significant duration, currency, and credit risks. One of the main issues with EMLC is the depreciation of local currencies against the U.S. dollar, which has further eroded investor returns compared to USD-denominated bond ETFs like EMB. EMLC's high expense ratio and inadequate yield spread compared to Treasuries make it expensive, with significant risks from emerging market currency devaluation.

EMLC: This Bond ETF Has Been A Wealth Erosion Vehicle

Emerging Markets Stocks Tied With U.S. Equities Year To Date

Exclude China and broadly defined EM stocks are posting substantially softer results, based on a set of ETFs through Friday's close. US shares are effectively neck and next with EM so far in 2024.

Emerging Markets Stocks Tied With U.S. Equities Year To Date

EM Bonds Could Be Ready for Their Close-Up

Broadly speaking, exchange traded funds focusing on dollar-denominated and local currency emerging markets debt are performing admirably this year. With the Federal Reserve poised to soon lower rates, more of the same could be in store.

EM Bonds Could Be Ready for Their Close-Up

Emerging Market Bonds Could Have Pleasant Surprises in Store

Conventional fixed income wisdom holds that high interest rates in the U.S. are problematic for emerging market debt and related ETFs. That scenario has played out this year, particularly for emerging market bonds denominated in local currencies.

Emerging Market Bonds Could Have Pleasant Surprises in Store

With EM Bonds, Selectivity Matters

Emerging markets bonds, both of the dollar-denominated and local currency varietals, have followed broad measures of domestic debt lower this year. However, some corners of the developing fixed income space show signs of strength.

Emerging Markets Bonds Might Have Gains in Store

Dollar-denominated emerging markets are outpacing broader measures of U.S. bonds, including the Bloomberg U.S. Aggregate Bond Index, on a year-to-date basis, but local currency haven't joined the party as of yet. Some market observers believe that scenario is poised to change.

A Surprisingly Sturdy Corner of the Bond Market

Over the past several years, emerging market debt denominated in local currencies has been a resilient corner of the bond market. Over that span, the VanEck J.P.

EM Government Bonds Reap the Rewards of Fiscal Responsibility

By William Sokol, Director of Product Management Over the last five years, EM local currency debt has outperformed G7 government debt despite COVID, unprecedented Fed tightening, a strong dollar rally, wars in Ukraine and Gaza, and a slowing China.

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