Long EMLC VanEck JPMorgan EM Local Currency BondEMLC is bumping up downward sloping resistance line. Should it breakout I'm looking to accumulate shares of EMLC - VanEck JPMorgan EM Local Currency Bond ETF. These bonds are denominated in local EM currency and should benefit from a falling dollar. I also like the 6.85% yield.
Key stats
About VanEck J. P. Morgan EM Local Currency Bond ET
Home page
Inception date
Jul 22, 2010
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Van Eck Associates Corp.
Distributor
Van Eck Securities Corp.
EMLC holds sovereign debt issued by emerging market governments. EMLC's holdings are denominated in the local currencies of issuance, giving investors pure exposure to the markets it covers at the cost of added FX volatility. The bulk of EMLC is in debt expiring in 10 years or less, so investors needing longer-dated issues should look elsewhere. EMLC aims to cover the emerging markets space in a balanced manner. No country holds more than about a tenth of the overall portfolio weight. Take note: Similar to other funds in the emerging markets space, much of the portfolio doesn't trade during US hours. Effective February 28, 2020, the methodology for the underlying index was modified to include China exposure and to take a tiered approach to weighting. Minimum country exposure is limited to between 1% and 3% and then market value-weighted within the country.
Classification
What's in the fund
Exposure type
Government
Stock breakdown by region
Top 10 holdings
Not all bonds are declining!EMLC has just experienced a bullish breakout of a wedge pattern. That occurred above support (23.6% retracement of all-time high to all-time low), which lends to the bullish slant. It's also recently tested and held a rising channel bottom and had a bullish breakout in the RSI, further strengthening
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Summarizing what the indicators are suggesting.
Oscillators
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Oscillators
Neutral
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Summary
Neutral
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Neutral
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Summary
Neutral
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Moving Averages
Neutral
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Moving Averages
Neutral
SellBuy
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Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Related funds
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
EMLC trades at 24.85 USD today, its price has fallen −0.40% in the past 24 hours. Track more dynamics on EMLC price chart.
EMLC net asset value is 24.82 today — it's risen 2.64% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
EMLC assets under management is 3.16 B USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
EMLC price has risen by 1.89% over the last month, and its yearly performance shows a 4.19% increase. See more dynamics on EMLC price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 2.64% over the last month, showed a 4.72% increase in three-month performance and has increased by 10.78% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 2.64% over the last month, showed a 4.72% increase in three-month performance and has increased by 10.78% in a year.
EMLC fund flows account for 297.83 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
EMLC invests in bonds. See more details in our Analysis section.
EMLC expense ratio is 0.30%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, EMLC isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, EMLC technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating EMLC shows the buy signal. See more of EMLC technicals for a more comprehensive analysis.
Today, EMLC technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating EMLC shows the buy signal. See more of EMLC technicals for a more comprehensive analysis.
Yes, EMLC pays dividends to its holders with the dividend yield of 6.06%.
EMLC trades at a premium (0.13%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
EMLC shares are issued by Van Eck Associates Corp.
EMLC follows the J.P. Morgan Government Bond Index Emerging Markets Global Core Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jul 22, 2010.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.