This EM Bond ETF's Luck Can't Get Any Worse, Can It?
Quote & Headlines
5d 1m 3m 1y 5y 10y
To learn more about Seeking Alpha PRO, click here.
There are no Transcripts on EMHY.
There are no News articles on EMHY.
EMHY vs. ETF Alternatives
The iShares Emerging Markets High Yield Bond Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses of the Morningstar Emerging Markets High Yield Bond Index.
See more details on sponsor's website
See more details on sponsor's website
Thursday, Nov 219:12 AM
Thursday, Nov 219:12 AM| Comment!
- Emerging market bond ETF investors worried about duration risk will have their first short-duration fund to choose from starting today with the launch of ProShares' Short-Term USD Emerging Markets Bond ETF (EMSH). The fund has an expense ratio of 0.5%.
- The underlying index only selects paper with a fixed rate and maturity of 0-5 years, with a weighted average yield-to-maturity of three years or less. Sovereign, and corporate - both investment and speculative grade - will be included.
- As comparison, the iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB) has a 7-year effective duration.
- Corporate EM bond ETFs: EMCB, EMCD, HYEM, EMHY
- Government EM bond ETFs: EMB, PCY, ELD, EMLC, ILB, LEMB, ITIP, EBND, GTIP, PFEM
Wednesday, Nov 1311:33 AM
Wednesday, Nov 1311:33 AM| Comment!
- Market Vectors files paperwork for the Emerging Markets Aggregate Bond ETF EMAG, with an after-fee-waiver annual expense ratio of 0.49%.
- The fund will hold both sovereign and corporate, and both investment grade and high-yield paper from a large number of emerging market countries. At the end of Q3, the tracked index held about 1,800 bonds from a total of 694 issuers.
- Market Vectors' Emerging Markets Local Currency Bond ETF (EMLC) has just over $1B in AUM.
- Related ETFs: EMB, PCY, ELD, EMLC, ILB, LEMB, ITIP, EBND, GTIP, PFEM, EMCB, EMCD, HYEM, EMHY
Wednesday, Jun 129:07 AMHere's a contrarian play for June: An ETF combining junk bonds and emerging markets. The iShares EM High Yield Bond Fund (EMHY) is off 9% over the past month, eliminating all gains (not including dividends) since inception 14 months ago. Interestingly, the fund - which has garnered an impressive $248.5M AUM - has seen no outflows since the start of June. PCY - which holds EM sovereign debt - has actually performed worse than the EM junk bond fund during the downturn. |Wednesday, Jun 129:07 AM| Comment!
Thursday, Nov 12012, 3:34 PMYield-starved investors are moving assets into emerging-market corporate debt ETFs, and the industry responds by upping the number of products offered to 10 from just 3 at the end of 2011. There's still plenty of room for growth - in total, such ETFs (a selection here) have about $1B AUM with the size of the EM corporate debt market at $776B. The largest U.S. corporate debt ETF, LQD alone has about $25B AUM. |Thursday, Nov 12012, 3:34 PM| Comment!
Thursday, Jun 72012, 2:36 PMWhen life deals you lemons ... banks (particularly European ones) cutting back lending activity in Asia is leading to a ramp in the development of the corporate bond market there. Companies (ex-Japan) issued $398B in bonds last year, up 29% Y/Y as syndicated bank loans dove 44%. |Thursday, Jun 72012, 2:36 PM| Comment!
Thursday, May 102012, 3:18 PMA new asset class - emerging market corporate debt (as opposed to sovereign) - is in the process of working its way into portfolios. "If we own corporate bonds and Treasury(s) in our fixed asset allocations here ... why not do the same abroad," says Josh Brown. Among the ETF offerings launched this year: EMCB, EMHY, HYEM, CEMB. |Thursday, May 102012, 3:18 PM| 1 Comment
Thursday, Apr 52012, 12:32 PMA new offering of ETFs offers high yield investors greater international - both developed and emerging - exposure. EMHY is designed to track the Morningstar Emerging High Yield Bond Index, the HYXU sticks to developed countries, and the GHYG adds international (developed) exposure to the popular HYG. (PR) |Thursday, Apr 52012, 12:32 PM| 1 Comment
Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.