Emerging markets fixed income ETFs are mostly invested in ‘Sovereign Debt’ issues, complemented by ‘quasi-sovereign’ debt
In an effort to differentiate their ETF selections, fund managers will in some cases include corporate debt for ‘Broad Exposure’ to emerging market economies, presumably by selecting well-recognized issuers
To enhance performance, some of the emerging market ETFs are invested
- in more risky debt, rated below investment-grade – and identified as ‘High Yield’
- or in ‘Local Currency Debt’, with potential for currency appreciation
Over time, fund price momentum signals trends of the last 5 days against a 20-day average
For comparison, select various time frames in the top right menu box, from 2 weeks to a full year (performance of some very recently listed ETFs may not be significant for lack of price data)