Currency Correlations Could Bode Well For ‘EMLC’ ETF
May 14, 2019 at 12:23 PM EDT
The VanEck Vectors Emerging Markets Local Currency Bond ETF ( EMLC A- ) is trading slightly lower on a year-to-date basis, but with the Federal Reserve and European Central Bank (ECB) looking poised to hold interest rates steady this year, there could be opportunities for tactical fixed income investors to explore emerging markets debt denominated in local currencies.