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First Trust Emerging Markets Local Currency Bond E
2024-05-16 09:40:00 ET
Summary
The VanEck Emerging Markets Bond Fund was down 1.5%, compared to down 2.1% for its benchmark in April.
During April, the Fund initiated or increased exposure to several big local currency markets, which had all sold off during the month including Mexico, Brazil, South Africa, and Turkey.
We also added to Nigeria and China corporates in US dollar denominated debt.
As we wait on the Fed and watch the US fiscal rise, emerging markets are showing why they deserve a deeper look from investors. ...