Global exchange-traded fund - iShares JPMorgan USD Emerging Markets Bond Fund
iShares JPMorgan USD Emerging Markets Bond Fund in 3rd consecutive rise, nears one-month high 21 September, 2018
NEWS BITES - ETF
iShares JPMorgan USD Emerging Markets Bond Fund (NYSE:EMB), the 59th largest Exchange Traded Fund by market cap in the United States, extended its gains on Friday, rising an additional 4.99c (0.05%) to trade at $US106.99. The ETF increased 0.4% on Wednesday and 0.5% on Thursday. This brought its 3-day rise to 0.9%, compared with the Morgan Stanley Capital International USA Index [MSCI USA] which rose 64.1 points (0.83%) in the three days for a relative price increase of 0.03%. The cumulative volume in the 3 days was at about its average 3-day volume of 1.4 million units. The ETF is now approaching its 30-day high of $US107.19. Its MCap is $US13.7 billion.
NET ASSET VALUE release date 20 September, 2018
The Net Asset Value (NAV) of the ETF is $US106.48 and it last traded at a premium of 0.479% to NAV.
|EMB||Today||1 Day ago||Week ago||Month ago|
iShares JPMorgan USD Emerging Markets Bond Fund slumps 7% in 2018
iShares JPMorgan USD Emerging Markets Bond Fund (P:EMB), slumped $US7.83 (or 6.8%) year-to-date (YTD) in 2018 to close at $US106.99 today. Compared with the Morgan Stanley Capital International USA Index which has risen 10.7% YTD, this is a relative price change of -17.5%.
ISHARES JPMORGAN USD EMERGING MARKETS BOND FUND BULLISH SIGNALS
+ The price increased 0.4% in the last week and 0.2% in the last month.
+ The present value of USD1,000 (PV1000) invested three years ago in iShares JPMorgan USD Emerging Markets Bond Fund is $US1,257, including a capital gain of $US106 and dividend reinvested of $US151.
+ 3 years Multiplier in USD = 1.257x
+ Compound Annual Growth Rate (CAGR) in USD = 7.8%
1.2 Open Interest:
|Duration||Open Interest change %||Price change %||Interpretation|
|Put Call Trend||1 Day||1 Week||Interpretation|
|Put Call Ratio Change %||-0.6||-1.8||Uptrend|
Top two traded iShares JPMorgan USD Emerging Markets Bond Fund call options:
[volume of contracts in brackets- 1 contract is 100 shares]
+ Exercise $US107.0: Expires 16 Nov, 2018; 80.0c up 23.1% 
+ Exercise $US107.0: Expires 21 Sep, 2018; 19.0c up 280.0% 
1.3 High Performance Indicators:
|Description||Value||Rank In Market|
|Today's Turnover||$US126.7 million||In Top 4%|
|Volatility %||0.2||In Top Quartile|
ISHARES JPMORGAN USD EMERGING MARKETS BOND FUND BEARISH SIGNALS
+ In the last three months the ETF has hit a new 52-week low nine times, pointing to a significant downtrend.
2.2 Overbought/Bearish/Resistance Signals:
+ The Relative Strength Index (RSI) of 70.1 has penetrated the overbought line of 70, suggesting the price gain of 1.5% in the last 14 days is unusually high.
+ The ETF is overbought according to the Williams % R indicator of -9.4, suggesting the price is close to its 14-day high of $US107.19.
PRICE VOLUME DYNAMICS
+ Volume: there were 1,183,791 units worth $US126.7 million traded today. In the past week, volume was 1.1 times average and the units were up 0.4%. The volume was 0.9 times the average daily trading of 1.4 million units.
+ iShares JPMorgan USD Emerging Markets Bond Fund is at a discount of 7.5% to its 12-month high of $US115.72 on January 05. It is also at a premium of 2.0% to the 12-month low of $US104.84 on August 13.
+ The present value of $US1,000 (PV1000) invested one year ago in iShares JPMorgan USD Emerging Markets Bond Fund is $US967, comprising a capital loss of $US57 and dividend reinvested of $US24. A comparison with Morgan Stanley Capital International World Index [MSCI World] and Morgan Stanley Capital International USA Index [MSCI USA] is shown below:
3.2 The Best 3 weeks in the past quarter [Relative Price Change or RPC]
|Mon-Fri||Change %||MSCI USA Change %||RPC %||Vol Ind [1 is avg]|
3.3 The Worst 3 weeks in the past quarter [Relative Price Change or RPC]
|Mon-Fri||Change %||MSCI USA Change %||RPC %||Vol Ind [1 is avg]|
|Jul 30-Aug 03||-1.1||0.8||-1.9||2|
3.4 Trailing 3 months
|Volume Index (1 is avg)||1.4|
3.5 MCap: 5-Year Perspective
In the past 5 years Market Capitalization has increased by $US9.7 billion from $US4 billion to $US13.7 billion. Based on a dynamic start date of 5 years ago, there has been only 1 decline in MCap over the last 5 years.
|Close Price||MCap (US$ B)|
|1 Year ago||$US113.09||11.8|
|2 Years ago||$US107.75||9.1|
|3 Years ago||$US96.77||4.5|
|4 Years ago||$US96.11||4.5|
|5 Years ago||$US89.25||4|
3.6 Moving Annual Return (Past 5 years)
Based on a dynamic start date of 5 years ago, the Moving Annual Return has been positive in 4 out of 5 years.
|EMB||Close (USD)||Dividends (USD)||Capital Gain / (Loss) %||% Yield||Annual Return %|
|1 Yr ago||113.41||5.22||5||4.8||9.8|
|2 Yrs ago||108||5.54||11.6||5.7||17.3|
|3 Yrs ago||96.77||5.05||0.7||5.3||5.9|
|4 Yrs ago||96.11||4.88||7.9||5.5||13.4|
Close 5 years ago $US89.10
3.7 Year-on-Year Comparison (Trailing year - ended 31 Aug)
In the past 5 years, EMB has jumped 23.3% from 86.03 to 106.1, an average annual compound rise of 4.3%.
|% Price Change||-2.3||0.4||4.5||-4.2||7.2||-4.2|
|Avg Daily Volume||1,525,166||1,452,972||657,880||713,117||782,001||968,226|
|Turnover Period||3 mo||3 mo||4 mo||3 mo||2 mo||57 d|
|Price Range||105.27 - 116.19||101.66 - 114.31||93.19 - 109.95||90.2 - 99.78||85.13 - 98.4||81.34 - 97.94|
4.1 Global Rank out of 5,391 ETFs
The present value of $US1,000 invested a year ago is $US967, ranking it 3080 out of 5,391 ETFs. Its 6-month relative strength (or price percentile rank) in USD is 46.
|Net Assets (US$)||12.4B||86||Top|
|Rel Strength 6 Mo (US$)||46||2929||Third|
|PV$1000 (1Year) US$||967||3080||Third|
4.2 Rank in the Total United States ETF Market [out of 1,530 ETFs]
|Net Assets ($US)||12.4B||62|
|Rel Strength 6 Mon ($US)||33||1019|
|Date||Brokerage||Action||Current Rating||Past Rating|
|Oct 31,2017||XTF Inc.||Upgrade||9.1 out of 10||3.8 out of 10|
|Apr 30,2017||Morningstar, Inc.||Downgrade||3 out of 5||4 out of 5|
|Feb 06,2017||Ned Davis Research Group||UPGRADE||-||-|
iShares JPMorgan USD Emerging Markets Bond Fund (the Fund) seeks investment results that correspond generally to the price and yield performance of the JPMorgan EMBI Global Core Index (the Index). The Index is a broad, diverse United States dollar-denominated emerging markets debt benchmark, which tracks the total return of actively traded external debt instruments in emerging market countries. The Index includes both fixed and floating-rate instruments issued by sovereign and quasi-sovereign entities from index-eligible countries. The Index in market value weighted and is rebalanced monthly on the last business day of the month. The Fund invests in a representative sample of the securities included in the Index that collectively has an investment profile similar to the Index. The Fund's investment advisor is Barclays Global Fund Advisors.
iShares JPMorgan USD Emerging Markets Bond Fund (NYSE:EMB)
|Inception Date||December 17, 2007|
|Expense Ratio||0.4% of average net assets|
|Fund Family Name||iShares|
|Index Tracked||JPMorgan EMBI Global Core Index|
|Asset Class||Fixed Income ETF|
6.3 Contact details
|Physical Address||45 Fremont Street San Francisco, CA 94105 UNITED STATES|
6.4 ETF Summary
|Volume Index (1 is avg)||1.5|
|Market Cap||$US13.7 billion|
|Day's Range||106.64 - 106.96|
|52-Week Range||104.84 - 115.72|
6.5 Fund Managers and Management Fees
+ The managers of the ETF are Teresa Kong and Lee Sterne. The management fee is 0.6% of total assets
|Dividend Date:||September 04, 2018|
TOP HOLDINGS & PORTFOLIO ALLOCATION
8.1 Top Holdings (July 02, 2018)
|RUSSIA, FEDERATION OF GOVERNMENT)||1.1|
|URUGUAY, ORIENTAL REPUBLIC OF GOVERNMENT)||1|
|RUSSIA, FEDERATION OF GOVERNMENT)||0.8|
|POLAND, REPUBLIC OF GOVERNMENT)||0.8|
|PERU, REPUBLIC OF GOVERNMENT)||0.8|
|PERU, REPUBLIC OF GOVERNMENT)||0.7|
|EGYPT, ARAB REPUBLIC OF GOVERNMENT)||0.6|
|ECUADOR, REPUBLIC OF GOVERNMENT)||0.6|
8.2 Asset Allocation (July 16, 2018)
|ETF Cash Component||1|