I'm adding the IShare USD Emerging Market Bond ETF (NYSEARCA:EMB) to the Barchart Van Meerten Speculative portfolio.
The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the JPMorgan EMBI Global Core Index (the "Underlying Index"). The underlying index is a broad, diverse U.S. dollar denominated emerging markets debt benchmark which tracks the total return of actively traded external debt instruments in emerging market countries. The methodology is designed to distribute the weight of each country within the Underlying Index by limiting the weights of countries with higher debt outstanding and reallocating this excess to countries with lower debt outstanding.
Barchart's technical indicators have 12 of 13 buy signals. The ETF has appreciated in price in 17 of the last 20 sessions and has risen 4.40% in the last month. The Relative Strength Index is 83..89%. The fund trades around 111.32 which is above its 50 day moving average of 106.81.
The ETF does have an investor following on Motley Foll where the CAPS members feel the fund will beat the S&P 500 b y a vote of 19 to 2 with the All Stars voting 7 to 1.
Disclosure: No position at the time of publication