VanEck Vectors JPMorgan Emerging Markets Local Currency Bond ETF EMLC provides market-value-weighted exposure to emerging-markets government debt issued in local currency, a risky corner of the bond market where active managers have generally benefitted from having the flexibility to corral risk. But the strategy’s broadly diversified portfolio and low fee help to balance the relative rigidity of its portfolio, supporting a Morningstar Analyst Rating of Bronze.
Will EMLC outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable EMLC’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the EMLC management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of EMLC’s parent organization’s priorities and whether they’re in line with investors’ interests.