from24/7 Wall St.
19 hours agoMonthly dividend ETF posts 13% return while Wall Street questions long-term sustainability of currency risk
EMLC holds a broad mix of about 507 bonds issued by emerging market governments, all denominated in local currencies such as the Brazilian real, South African rand, Turkish lira, and Mexican peso. Almost the entire portfolio is sovereign debt at roughly 99 percent, so the fund is essentially a pure government credit exposure.
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