IEML – Fund Analysis – iShares JPMorgan EM Lcl Govt Bd ETF$Dist | Morningstar

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Will IEML outperform in the future?

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Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable IEML’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the IEML management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of IEML’s parent organization’s priorities and whether they’re in line with investors’ interests.

Diversified access to local-currency emerging-markets bond issuers.

Senior Principal Jose Garcia-Zarate

Jose Garcia-Zarate

Senior Principal

Summary

The case for a passive approach to investing in local-currency-denominated emerging-markets government debt has merit, and iShares exchange-traded fund stands as an interesting option. The compounding benefits of low fees and the diversification of issuers at the portfolio level are key points in its favor.

by Jose Garcia-Zarate

Rated on Apr 27, 2026 Published on Apr 27, 2026

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