Analyse/iShares Emerging Markets Local Government Bond UCITS ETF

Lokale Schwellenländerwährungen haben Anlegern im vergangenen Jahr zu schaffen gemacht und damit die Risiken derartiger Bond-Investments zutage gefördert. Dieser ETF streut breit über 15 Rentenmärkte. 

Rolle im Portfolio

The iShares Emerging Markets Local Government Bond UCITS ETF offers investors exposure to emerging markets government debt from 14 countries in local currency.

The search for higher yield and capital gains vis-à-vis developed bond markets remains the key selling point of emerging market government debt and specifically those denominated in local currency. It is recommended that investors deploy this ETF as a yield-enhancing satellite holding to complement lower-risk core developed market fixed income building blocks. Additionally, investors have also been attracted to EM debt by virtue of its low correlation with traditional (e.g. developed economies) fixed income investments.

Unsurprisingly, the higher expected returns associated with local-currency debt, are accompanied by a higher risk. Generally speaking, emerging markets are expected to be less credit worthy than their developed counterparts.

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Morningstar ETF Analysts  research hundreds of ETFs available to European investors. The Morningstar Rating for ETFs is based on a risk-adjusted performance measure

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