Global exchange-traded fund - iShares JPMorgan USD Emerging Markets Bond Fund

USA

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.

EMBToday1 Day agoWeek agoMonth ago
Price, USD106.99106.45106.61106.74
NAV, USD106.48105.98106.21106.68
Price/NAV1.01.01.01.0
MSCI USA7,763.787,767.847,705.027,586.18

YEAR-TO-DATE

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%.

SECTION 1

ISHARES JPMORGAN USD EMERGING MARKETS BOND FUND BULLISH SIGNALS

1.1 Technicals:

+ 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:

DurationOpen Interest change %Price change %Interpretation
1-day0.40.05Strong Market
1-week19.50.4Strong Trend

Put Call Trend1 Day1 WeekInterpretation
Put Call Ratio Change %-0.6-1.8Uptrend

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% [3658]

+ Exercise $US107.0: Expires 21 Sep, 2018; 19.0c up 280.0% [1]

1.3 High Performance Indicators:

DescriptionValueRank In Market
Today's Turnover$US126.7 millionIn Top 4%
Volatility %0.2In Top Quartile

SECTION 2

ISHARES JPMORGAN USD EMERGING MARKETS BOND FUND BEARISH SIGNALS

2.1 Technicals:

+ 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.

SECTION 3

PRICE VOLUME DYNAMICS

3.1 Technicals:

+ 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:

PV$10001-week1-month1-year
EMB.P1,0041,006967
MSCI World1,0151,0081,105
MSCI USA1,0081,0091,187

3.2 The Best 3 weeks in the past quarter [Relative Price Change or RPC]

Mon-FriChange %MSCI USA Change %RPC %Vol Ind [1 is avg]
Jul 23-270.90.50.41.8
Sep 10-140.91.2-0.31.8
Aug 13-170.60.602.9

3.3 The Worst 3 weeks in the past quarter [Relative Price Change or RPC]

Mon-FriChange %MSCI USA Change %RPC %Vol Ind [1 is avg]
Aug 06-10-1.8-0.2-1.63
Aug 27-31-1.21-2.22.3
Jul 30-Aug 03-1.10.8-1.92

3.4 Trailing 3 months

TurnoverUS$13.2 billion
Volume123,730,801
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 PriceMCap (US$ B)
Last$US106.9413.7
1 Year ago$US113.0911.8
2 Years ago$US107.759.1
3 Years ago$US96.774.5
4 Years ago$US96.114.5
5 Years ago$US89.254

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.

EMBClose (USD)Dividends (USD)Capital Gain / (Loss) %% YieldAnnual Return %
Sep 21106.992.8(5.7)2.5(3.2)
1 Yr ago113.415.2254.89.8
2 Yrs ago1085.5411.65.717.3
3 Yrs ago96.775.050.75.35.9
4 Yrs ago96.114.887.95.513.4

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%.

201820172016201520142013
Close106.1114.27109.2395.7898.0886.03
% Price Change-2.30.44.5-4.27.2-4.2
Avg Daily Volume1,525,1661,452,972657,880713,117782,001968,226
VWP114.78113.89108.1112.09108.41114.85
Turnover Period3 mo3 mo4 mo3 mo2 mo57 d
Price Range105.27 - 116.19101.66 - 114.3193.19 - 109.9590.2 - 99.7885.13 - 98.481.34 - 97.94

SECTION 4

RANKING

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.

DescriptionValueRankQuartile
Net Assets (US$)12.4B86Top
Price/NAV1.01473Top
Rel Strength 6 Mo (US$)462929Third
PV$1000 (1Year) US$9673080Third

4.2 Rank in the Total United States ETF Market [out of 1,530 ETFs]

DescriptionValueRank
Net Assets ($US)12.4B62
Rel Strength 6 Mon ($US)331019
PV1000-1Year ($US)967965

SECTION 5

ANALYST RECOMMENDATION

DateBrokerageActionCurrent RatingPast Rating
Oct 31,2017XTF Inc.Upgrade9.1 out of 103.8 out of 10
Apr 30,2017Morningstar, Inc.Downgrade3 out of 54 out of 5
Feb 06,2017Ned Davis Research GroupUPGRADE--

SECTION 6

PROFILE

6.1 Description

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.

6.2 SNAPSHOT

iShares JPMorgan USD Emerging Markets Bond Fund (NYSE:EMB)

ISIN: US4642882819

Inception DateDecember 17, 2007
Expense Ratio0.4% of average net assets
CategoryWorldwide Bond
Fund Family NameiShares
Index TrackedJPMorgan EMBI Global Core Index
Asset ClassFixed Income ETF

6.3 Contact details

Websitehttp://us.ishares.com/product_info/fund/overview/EMB.htm
Physical Address 45 Fremont Street San Francisco, CA 94105 UNITED STATES
Phone (617) 937-5525

6.4 ETF Summary

Last$US106.94
Volume2,002,529
Volume Index (1 is avg)1.5
Market Cap$US13.7 billion
Day's Range106.64 - 106.96
52-Week Range104.84 - 115.72
Units Outstanding128,200,000

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

SECTION 7

DIVIDEND

Dividend:0.4
Dividend Date:September 04, 2018
Dividend Yield:2.6%
Annual Dividend:$US2.80

SECTION 8

TOP HOLDINGS & PORTFOLIO ALLOCATION

8.1 Top Holdings (July 02, 2018)

HoldingsWeight (%)
RUSSIA, FEDERATION OF GOVERNMENT)1.1
Cash1.1
URUGUAY, ORIENTAL REPUBLIC OF GOVERNMENT)1
RUSSIA, FEDERATION OF GOVERNMENT)0.8
POLAND, REPUBLIC OF GOVERNMENT)0.8
PERU, REPUBLIC OF GOVERNMENT)0.8
HUNGARY GOVERNMENT)0.7
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)

Asset Class%
Federal/Central debt89
Corporate debt10.1
ETF Cash Component1

EMB.P

CIK: 1100663

CUSIP: 464288281

Source: www.BuySellSignals.com