VanEck Vectors JPMorgan Emerging Markets Local Currency Bond ETF EMLC offers market-value-weighted exposure to emerging-markets government debt issued in local currency. The fund earns a Morningstar Analyst Rating of Bronze because it provides a broad-based and low-cost passive approach, which helps balance the risks of investment in local-currency emerging markets, but it has struggled to track its benchmark.
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.