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Upturn AI SWOT - About
SPDR® Bloomberg Emerging Markets Local Bond ETF (EBND)
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Upturn Advisory Summary
04/01/2025: EBND (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Above Average Performance
These Stocks/ETFs, based on Upturn Advisory, frequently surpass the market, reflecting reliable and trustworthy advice.
Analysis of Past Performance
Type ETF | Historic Profit 3.43% | Avg. Invested days 46 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  4.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Volume (30-day avg) 230244 | Beta 1.25 | 52 Weeks Range 18.77 - 20.85 | Updated Date 04/2/2025 |
52 Weeks Range 18.77 - 20.85 | Updated Date 04/2/2025 |
Upturn AI SWOT
SPDR® Bloomberg Emerging Markets Local Bond ETF
ETF Overview
Overview
The SPDRu00ae Bloomberg Emerging Markets Local Bond ETF (EMLC) seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg Emerging Markets Local Currency Government Index. The fund invests in a broad range of emerging market government bonds denominated in local currencies.
Reputation and Reliability
State Street Global Advisors (SSGA) is a well-established and reputable asset manager with a long track record in the ETF industry.
Management Expertise
SSGA has extensive experience in managing fixed income ETFs and employs a team of experienced portfolio managers and analysts.
Investment Objective
Goal
The fund seeks to track the performance of the Bloomberg Emerging Markets Local Currency Government Index.
Investment Approach and Strategy
Strategy: The ETF employs a passive investment strategy, aiming to replicate the composition and weighting of the underlying index.
Composition The ETF primarily holds emerging market government bonds denominated in local currencies.
Market Position
Market Share: EMLC holds a significant portion of the emerging market local currency bond ETF market.
Total Net Assets (AUM): 2340000000
Competitors
Key Competitors
- VanEck J.P. Morgan EM Local Currency Bond ETF (EMLC)
- iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB)
- WisdomTree Emerging Markets Local Debt Fund (ELD)
Competitive Landscape
The emerging markets bond ETF space is competitive, with several ETFs offering exposure to different segments of the market. EMLC's advantage lies in its focus on local currency bonds. However, this also exposes it to currency risk, which may be a disadvantage compared to USD-denominated emerging market bond ETFs.
Financial Performance
Historical Performance: Historical performance data can be obtained from financial data providers and the fund's website.
Benchmark Comparison: The ETF's performance can be compared to the Bloomberg Emerging Markets Local Currency Government Index to assess its tracking effectiveness.
Expense Ratio: 0.5
Liquidity
Average Trading Volume
The ETF's average trading volume is generally moderate, ensuring relatively easy entry and exit for investors.
Bid-Ask Spread
The bid-ask spread for the ETF is typically competitive, reflecting its liquidity.
Market Dynamics
Market Environment Factors
Economic growth in emerging markets, interest rate policies, currency fluctuations, and geopolitical events can all influence the ETF's performance.
Growth Trajectory
The ETF's growth trajectory is tied to the performance of emerging market economies and their local currency bond markets. Changes to the index and fund holdings are periodically announced.
Moat and Competitive Advantages
Competitive Edge
EMLC's competitive advantage stems from its established position as one of the larger ETFs in the emerging markets local currency bond space. Its partnership with Bloomberg provides a well-recognized index for tracking. The ETF benefits from SSGA's brand recognition and distribution network. The ETF focuses on government bonds, offering a degree of credit quality. Furthermore, its established AUM allows for tighter tracking and lower trading costs.
Risk Analysis
Volatility
The ETF's volatility is influenced by fluctuations in emerging market currencies and interest rates.
Market Risk
The ETF is subject to emerging market risk, including political instability, economic downturns, and currency devaluations.
Investor Profile
Ideal Investor Profile
Investors seeking exposure to emerging market local currency government bonds for diversification or income purposes may find this ETF suitable.
Market Risk
The ETF may be suitable for long-term investors with a higher risk tolerance and a positive outlook on emerging markets.
Summary
The SPDRu00ae Bloomberg Emerging Markets Local Bond ETF (EMLC) offers exposure to emerging market government bonds denominated in local currencies. Managed by State Street, it seeks to track the Bloomberg Emerging Markets Local Currency Government Index. It is ideal for investors seeking diversification and income from emerging markets, but it comes with inherent emerging market and currency risks. The fund's expense ratio is moderately low, and its liquidity is decent, making it a viable option for investors who understand the risks involved.
Similar Companies
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SPDR® Bloomberg Short Term International Treasury Bond ETF
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ELD
WisdomTree Emerging Markets Local Debt Fund
ELD
WisdomTree Emerging Markets Local Debt Fund
PCY
Invesco Emerging Markets Sovereign Debt ETF
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Invesco Emerging Markets Sovereign Debt ETF
Sources and Disclaimers
Data Sources:
- State Street Global Advisors (SSGA) website
- Bloomberg
- Financial data providers
Disclaimers:
This analysis is for informational purposes only and does not constitute investment advice. Investment decisions should be made based on individual circumstances and a thorough understanding of the risks involved.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About SPDR® Bloomberg Emerging Markets Local Bond ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index and in securities that the Adviser/Sub-Adviser determines have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the index. The index is designed to measure the performance of the fixed-rate local currency sovereign debt of emerging market countries. It is non-diversified.
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