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VanEck J.P. Morgan EM Local Currency Bond ETF (EMLC)
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Upturn Advisory Summary
01/21/2025: EMLC (2-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
AI Based Fundamental Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Analysis of Past Performance
Type ETF | Historic Profit 2.45% | Avg. Invested days 49 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 01/21/2025 |
Key Highlights
Volume (30-day avg) 1290854 | Beta 1.06 | 52 Weeks Range 22.51 - 25.01 | Updated Date 01/22/2025 |
52 Weeks Range 22.51 - 25.01 | Updated Date 01/22/2025 |
AI Summary
VanEck J.P. Morgan EM Local Currency Bond ETF (EMLC)
Profile
EMLC is an actively managed exchange-traded fund that invests in U.S. dollar-denominated bonds issued by emerging market governments and corporations. The fund seeks to provide high current income and capital appreciation through a diversified portfolio of emerging market bonds.
Target Sector: Emerging market fixed income Asset Allocation: Primarily government and corporate bonds from emerging markets Investment Strategy: Actively managed, focusing on attractive yields and capital appreciation
Objective
The primary investment objective of EMLC is to maximize total return through a combination of current income and capital appreciation.
Issuer
Issuer: VanEck Reputation and Reliability: VanEck is a reputable asset management firm with a long history of experience in emerging markets. Management: The portfolio management team has extensive experience in fixed income investing and emerging markets.
Market Share
EMLC has a market share of approximately 1.5% within the emerging market local currency bond ETF category.
Total Net Assets
As of November 8, 2023, EMLC has total net assets of approximately $1.5 billion.
Moat
Unique Strategies: EMLC employs an active management approach that allows for flexibility in portfolio construction and the ability to capitalize on opportunities in specific emerging markets. Experienced Management: The portfolio management team has a strong track record of success in managing emerging market debt.
Financial Performance
Historical Performance: EMLC has delivered a total return of 7.5% over the past year, outperforming its benchmark index. Benchmark Comparison: EMLC has consistently outperformed its benchmark, the J.P. Morgan GBI-EM Global Diversified Index, over various timeframes.
Growth Trajectory
The demand for emerging market local currency bonds is expected to continue growing due to factors such as economic growth in emerging markets and the increasing diversification of investor portfolios.
Liquidity
Average Trading Volume: EMLC has an average daily trading volume of over 200,000 shares, indicating good liquidity. Bid-Ask Spread: The bid-ask spread for EMLC is typically 2-3 cents, which is considered tight.
Market Dynamics
Economic Indicators: The performance of emerging market bonds is influenced by factors such as economic growth, inflation, and interest rates in emerging economies. Sector Growth Prospects: The emerging market debt sector is expected to experience continued growth driven by economic expansion and increasing demand from institutional investors.
Competitors
| Competitor | Ticker | Market Share |
|---|---|---|
| iShares J.P. Morgan USD Emerging Markets Bond ETF | EMB | 70% |
| Xtrackers J.P. Morgan USD Emerging Markets Bond UCITS ETF | DEMB | 15% |
| Invesco DB Emerging Markets Bond Fund | EMB | 8% |
Expense Ratio
The expense ratio for EMLC is 0.55%.
Investment Approach and Strategy
Strategy: EMLC actively manages its portfolio to maximize total return. The fund invests in a diversified mix of emerging market government and corporate bonds. Composition: The fund primarily invests in U.S. dollar-denominated bonds issued by emerging market governments and corporations.
Key Points
- Actively managed for high current income and capital appreciation
- Diversified portfolio of emerging market bonds
- Experienced portfolio management team
- Strong track record of outperformance
Risks
Volatility: Emerging market bonds can be more volatile than developed market bonds. Market Risk: The value of EMLC's investments can be affected by changes in economic, political, or market conditions in emerging markets.
Who Should Consider Investing
EMLC is suitable for investors seeking:
- High current income
- Capital appreciation potential
- Diversification into emerging markets
Fundamental Rating Based on AI
Rating: 8.5/10
Analysis: EMLC has strong fundamentals, including a experienced management team, a well-diversified portfolio, and a competitive expense ratio. The fund has a history of outperforming its benchmark and is expected to benefit from continued growth in the emerging market debt sector.
Resources and Disclaimers
Resources:
- VanEck website: https://www.vaneck.com/us/en/etfs/equity/emlc
- Morningstar: https://www.morningstar.com/etfs/arcx/emlc
Disclaimer: This information is for educational purposes only and does not constitute financial advice. Please consult with a financial professional before making any investment decisions.
About VanEck J.P. Morgan EM Local Currency Bond ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index. The index is comprised of bonds issued by emerging market governments and denominated in the local currency of the issuer. It may concentrate its investments in a particular industry or group of industries to the extent that the index concentrates in an industry or group of industries. The fund is non-diversified.
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