- During Q3, the actively managed Global X Emerging Markets Bond ETF (EMBD) outperformed its benchmark, the JPMorgan EMBI Global Core Index, by 72 basis points, primarily due to security selection of corporate issuers.
- EMBD's overweight positions and security selection in corporate issuers within Brazil's pulp paper sector positively contributed to relative performance.
- We believe the active strategy to differentiate among EM countries facing varying degrees of fiscal, external, and political pressures will be critical in navigating volatile markets.
For further details see:
Q3 2020 Commentary: Emerging Market Bond ETF