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

USA

iShares JPMorgan USD Emerging Markets Bond Fund increases 0.8% on average volume 27 March, 2018

NEWS BITES - ETF

iShares JPMorgan USD Emerging Markets Bond Fund (NYSE:EMB), the 56th largest Exchange Traded Fund by market cap in the United States, has increased 84.0c (or 0.8%) from its last trading session of March 23, 2018 to close at $US111.93. Compared with the Morgan Stanley Capital International USA Index [MSCI USA] which fell 122.7 points (1.8%) in the day, the relative price increase was 2.5%. The volume of 1.5 million units was close to average trading.

Price Change %1 Month3 Month6 Month1 Year
EMB-0.8-3.4-3.3-1.6
MSCI USA-4.6-2.05.013.1

YEAR-TO-DATE

iShares JPMorgan USD Emerging Markets Bond Fund drops 3% in 2018

iShares JPMorgan USD Emerging Markets Bond Fund (P:EMB), dropped $US3.83 (or 3.3%) year-to-date (YTD) in 2018 to close at $US112.12. Compared with the Morgan Stanley Capital International USA Index which has risen 0.2% YTD, this is a relative price change of -3.5%.

SECTION 1

ISHARES JPMORGAN USD EMERGING MARKETS BOND FUND BULLISH SIGNALS

1.1 Technicals:

+ The present value of USD1,000 (PV1000) invested five years ago in iShares JPMorgan USD Emerging Markets Bond Fund is $US1,234, including a capital loss of $US20 and dividend reinvested of $US254.

+ 5 years Multiplier in USD = 1.234x

+ Compound Annual Growth Rate (CAGR) in USD = 4.3%

1.2 Oversold/Bullish/Support Signals:

+ The Stochastic indicator of 17.7 has pierced the oversold line of 20; this indicates the price is close to its 14-day low and is likely to revert to an uptrend.

1.3 High Performance Indicator:

DescriptionValueRank In Market
Today's Turnover$US171.4 millionIn Top 5%

SECTION 2

ISHARES JPMORGAN USD EMERGING MARKETS BOND FUND BEARISH SIGNALS

Technicals:

+ The price decreased 0.8% in the last month.

SECTION 3

PRICE VOLUME DYNAMICS

3.1 Technicals:

+ Volume: there were 1,530,983 units worth $US171.4 million traded today. In the past week, volume was 0.8 times average and the units were up 0.4%.

+ The iShares JPMorgan USD Emerging Markets Bond Fund is at a discount of 4.7% to its 12-month high of $US117.46 traded on September 08, 2017.

+ It is at a premium of 0.8% to its 12-month low of $US111.01 traded on March 23.

+ The present value of $US1,000 (PV1000) invested one year ago in iShares JPMorgan USD Emerging Markets Bond Fund is $US1,028, comprising a capital loss of $US16 and dividend reinvested of $US44. 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.P1,0049951,028
MSCI World9759681,114
MSCI USA9629541,132

3.2 The Best 2 weeks in the past quarter [Relative Price Change or RPC]

Mon-FriChange %MSCI USA Change %RPC %Vol Ind [1 is avg]
Feb 12-160.94.4-3.51.8
Jan 22-260.52.2-1.81

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]
Feb 05-09-2-5.13.13
Jan 29-Feb 02-1.6-3.82.11.7
Mar 19-23-1-5.94.90.9

3.4 Trailing 3 months

TurnoverUS$13.8 billion
Volume121,465,876
Volume Index (1 is avg)1.2

3.5 Trailing Price Change %

3-Year price change for EMB was 0.6%. Compared with the Morgan Stanley Capital International World Index [MSCI World] which rose 17.9% in the 3 years, the relative price change was -17.3%.

Price Change %QuarterYear3 Years
EMB-3.4-1.60.6
MSCI World-2.211.417.9

3.6 MCap - Historical Perspective

In the past 4 years Market Capitalization has increased by $US9.7 billion from $US3.6 billion to $US13.3 billion. Based on a dynamic start date of 4 years ago, there has been no decline in MCap over the last 4 years.

Close PriceMCap (US$ B)
Last$US111.0913.3
1 Year ago$US113.579.8
2 Years ago$US109.805.4
3 Years ago$US111.274.5
4 Years ago$US107.863.6

3.7 Moving Annual Return

Based on a dynamic start date of 5 years ago, the Moving Annual Return has been positive in 4 of the last 5 years. An investment a year ago in EMB would have produced a return of 2.8%.

EMBClose (USD)Dividends (USD)Capital Gain / (Loss) %% YieldAnnual Return %
Mar 27111.935.04(1.6)4.42.8
1 Yr ago113.745.354.54.99.4
2 Yrs ago108.855.24(2.2)4.72.5
3 Yrs ago111.284.892.24.56.7
4 Yrs ago108.865.13(4.7)4.5(0.2)

Close 5 years ago $US114.27

3.8 Year-on-Year Comparison (Trailing year - ended 28 Feb)

In the past 5 years, EMB has declined 2.8% from 115.73 to 112.54, an average annual compound fall of 0.6%.

201820172016201520142013
Close112.54113.56106.93112.01108.68115.73
% Price Change-0.96.2-4.53.1-6.16.3
Avg Daily Volume1,534,9751,252,656541,637888,316825,629840,647
VWP114.78112.92107.98111.9108.79114.42
Turnover Period3 mo3 mo3 mo2 mo60 d2 mo
Price Range110.2 - 117.46106.91 - 118.13102.5 - 113.87104.53 - 114.998.28 - 118.3105.03 - 120.46

SECTION 4

RANKING

4.1 Global Rank out of 5,632 ETFs

The present value of $US1,000 invested a year ago is $US1,028, ranking it 3648 out of 5,632 ETFs. Its 6-month relative strength (or price percentile rank) in USD is 32.

DescriptionValueRankQuartile
Net Assets (US$)11.9B79Top
Price/NAV1.02143Second
Rel Strength 6 Mo (US$)323810Third
PV$1000 (1Year) US$1,0283648Third

4.2 Rank in the Total United States ETF Market [out of 1,467 ETFs]

DescriptionValueRank
Rel Strength 6 Mon ($US)271065
PV1000-1Year ($US)1,028853

SECTION 5

ANALYST RECOMMENDATION

DateBrokerageActionCurrent RatingPast Rating
Oct 31,2017XTF Inc.Upgrade9.1 out of 103.8 out of 10
Apr 29,2016XTF Inc.Downgrade6.4 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

REPORTED BUYING AND SELLING

6.1 Institutional Buying and Selling Quarter Ended December 31

Total reported Institutional buying = 7,874,455 ETFs

Total reported Institutional selling = 8,134,383 ETFs

Net reported institutional selling = 259,928 ETFs

6.2 Reported Holdings of Institutions as at Dec 31, 2017

Total = 77,422,995 ETFs

Market Value = $US9 billion

6.3 Top 40 Institutional Holders of iShares JPMorgan USD Emerging Markets Bond Fund

The top 40 institutional shareholders held 51% units of iShares JPMorgan USD Emerging Markets Bond Fund. The largest shareholder was JP Morgan Chase & Co with 5.8% of iShares JPMorgan USD Emerging Markets Bond Fund. The second largest shareholder was Wells Fargo & Company with 5.2%.

Institution (CIK)ETFsHolding %Value $USD
JP Morgan Chase & Co (0000019617)6,979,2245.84809.2 M
Wells Fargo & Company (0000072971)6,228,1655.21722.2 M
Blackrock Inc. (0001364742)5,185,6104.34601.3 M
Morgan Stanley (0000895421)2,815,7392.35326.5 M
Envestnet Asset Management Inc. (0001407543)2,739,2402.29317.6 M
Betterment LLC (0001633901)2,586,4022.16299.9 M
UBS Group AG (0001610520)2,159,3671.81250.4 M
Aozora Bank, Ltd. (0001568541)1,870,0001.56216.8 M
Dai-Ichi Life Insurance Company, Ltd (0001697728)1,784,0001.49206.9 M
Bridgewater Associates, LP (0001350694)1,779,9971.49206.4 M
Windhaven Investment Management, Inc. (0001507640)1,721,6051.44199.6 M
Royal Bank Of Canada (0001000275)1,621,8391.36188.1 M
CI Investments Inc. (0001163648)1,503,6771.26174.4 M
Bank of America Corp, DE (0000070858)1,449,9691.21168.1 M
Allianz Asset Management AG (0001535323)1,388,5971.16161 M
Ameriprise Financial Inc. (0000820027)1,310,3701.1151.9 M
Goldman Sachs Group Inc. (0000886982)1,285,3591.07149 M
D. E. Shaw & Co., Inc. (0001009207)1,207,9191.01140.1 M
ADVENTIST HEALTH SYSTEM SUNBELT HEALTHCARE CORP (0001103139)1,163,9940.97135 M
Omers Administration Corp (0001053321)1,105,0000.92128.1 M
Wealthfront Inc. (0001524566)1,089,9470.91126.4 M
SEI Investments Co (0000350894)1,041,5220.87120.8 M
Bank of Nova Scotia (0000009631)949,0840.79110 M
Citigroup Inc. (0000831001)853,9830.7199 M
1832 Asset Management L.P. (0000944388)853,1660.7198.9 M
AHL Partners LLP (0001598894)750,0000.6387 M
UBS Global Asset Management Americas Inc. (0000861177)747,5290.6386.7 M
Manufacturers Life Insurance Company (0000928047)704,3220.5981.7 M
Strategic Investment Management, LLC (0000846633)648,9110.5475.2 M
Sumitomo Mitsui Asset Management Company, Ltd (0001411530)625,2780.5272.5 M
Mather Group, LLC (0001527641)613,2360.5171.1 M
Modera Wealth Management, LLC (0001542143)574,8120.4866.6 M
Ionic Capital Management LLC (0001386462)536,2000.4562.2 M
LPL Financial LLC (0001403438)527,7390.4461.2 M
Employees Retirement System of Texas (0001398739)500,0000.4258 M
U.S. Bancorp (DE) (0000036104)491,4230.4157 M
AssetMark, Inc. (0001344551)421,0910.3548.8 M
PNC Financial Services Group, Inc. (0000713676)409,4890.3447.5 M
Neuberger Berman Group LLC (0001465109)405,3310.3447 M
Cambridge Associates LLC, MA, ADV (0000733986)397,7680.3346.1 M
Held by Top 4061,026,90451.017.1 billion

6.4 Major Increases in Top 40 institutional shareholders

JP Morgan Chase & Co increased their shareholding in iShares JPMorgan USD Emerging Markets Bond Fund by 1.2 million units worth USD 140.5 million. Betterment LLC increased their shareholding by 747,267 units worth USD 86.4 million.

Institution (CIK)Increase in ETFsChange, $USD
JP Morgan Chase & Co (0000019617)1,215,053140.5 M
Betterment LLC (0001633901)747,26786.4 M
Omers Administration Corp (0001053321)550,00063.6 M
Allianz Asset Management AG (0001535323)343,95539.8 M
ADVENTIST HEALTH SYSTEM SUNBELT HEALTHCARE CORP (0001103139)260,50030.1 M
UBS Group AG (0001610520)244,92128.3 M
AHL Partners LLP (0001598894)225,58426.1 M
Envestnet Asset Management Inc. (0001407543)187,03121.6 M
Wells Fargo & Company (0000072971)168,45419.5 M
Manufacturers Life Insurance Company (0000928047)167,15219.3 M
Ameriprise Financial Inc. (0000820027)149,26617.3 M
Wealthfront Inc. (0001524566)111,99412.9 M
1832 Asset Management L.P. (0000944388)79,2369.2 M
Mather Group, LLC (0001527641)41,4344.8 M
Modera Wealth Management, LLC (0001542143)25,2072.9 M
UBS Global Asset Management Americas Inc. (0000861177)24,2052.8 M
AssetMark, Inc. (0001344551)16,3811.9 M
D. E. Shaw & Co., Inc. (0001009207)16,0001.8 M
U.S. Bancorp (DE) (0000036104)15,1521.8 M
Bank of America Corp, DE (0000070858)8,563990,094
PNC Financial Services Group, Inc. (0000713676)5,531639,520
Bridgewater Associates, LP (0001350694)3,438397,518
Total4,606,324

6.5 Major Decreases in Top 40 institutional shareholders

Windhaven Investment Management, Inc. reduced their shareholding in iShares JPMorgan USD Emerging Markets Bond Fund by 3.2 million units worth USD 370.3 million. Goldman Sachs Group Inc. reduced their shareholding by 577,064 units worth USD 66.7 million.

Institution (CIK)Decrease in ETFsChange, $USD
Windhaven Investment Management, Inc. (0001507640)3,202,540(370.3 M)
Goldman Sachs Group Inc. (0000886982)577,064(66.7 M)
Ionic Capital Management LLC (0001386462)429,000(49.6 M)
Bank of Nova Scotia (0000009631)427,020(49.4 M)
Blackrock Inc. (0001364742)241,858(28 M)
Morgan Stanley (0000895421)192,611(22.3 M)
Neuberger Berman Group LLC (0001465109)166,614(19.3 M)
Citigroup Inc. (0000831001)139,894(16.2 M)
CI Investments Inc. (0001163648)134,201(15.5 M)
SEI Investments Co (0000350894)66,868(7.7 M)
Sumitomo Mitsui Asset Management Company, Ltd (0001411530)39,333(4.5 M)
Royal Bank Of Canada (0001000275)9,195(1.1 M)
Total5,626,198

6.6 New Entrants in Top 40 institutional shareholders

Institution (CIK)ETFsValue, $USD
Dai-Ichi Life Insurance Company, Ltd (0001697728)1,784,000206.9 M
LPL Financial LLC (0001403438)527,73961.2 M
Cambridge Associates LLC, MA, ADV (0000733986)397,76846.1 M
Total2,709,507

6.7 Drop Outs from Top 40 institutional shareholders

Institution (CIK)ETFsValue, $USD
QS Investors LLC (0001501436)95,90711.1 M
Jane Street Group, LLC (0001595888)8,193949,978
William Blair Investment Management, LLC (0001644956)1,930223,784
Total106,030

SECTION 7

PROFILE

7.1 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.

7.2 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

7.3 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

7.4 ETF Summary

Last$US111.09
Volume1,963,569
Volume Index (1 is avg)1.3
Market Cap$US13.3 billion
Day's Range111.01 - 111.68
52-Week Range111.01 - 117.46
Units Outstanding119,600,000
Relative Strength (3 mo)38

7.5 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 8

DIVIDEND

Dividend:0.3
Dividend Date:March 01, 2018
Dividend Yield:4.5%
Annual Dividend:$US5.04

SECTION 9

TOP HOLDINGS & PORTFOLIO ALLOCATION

9.1 Top Holdings (February 19, 2018)

HoldingsWeight (%)
RUSSIA, FEDERATION OF GOVERNMENT)1.8
Cash1.1
URUGUAY, ORIENTAL REPUBLIC OF GOVERNMENT)1.1
POLAND, REPUBLIC OF GOVERNMENT)0.8
PERU, REPUBLIC OF GOVERNMENT)0.8
EGYPT, ARAB REPUBLIC OF GOVERNMENT)0.7
ECUADOR, REPUBLIC OF GOVERNMENT)0.7
HUNGARY GOVERNMENT)0.7
ECUADOR, REPUBLIC OF GOVERNMENT)0.6

9.2 Country Breakdown (November 07, 2017)

Country %
Mexico5.7
Russia5.1
Indonesia5
Turkey4.3
Philippines4
Brazil3.9
Colombia3.6
Peru3.3
South Africa3.2
Hungary3.2
Kazakhstan3.2
Ukraine3.1
Argentina3.1
Dominican Republic2.8
Poland2.7
Lebanon2.7
Oman2.6
Egypt2.4
Uruguay2.3
China2.1

EMB.P

CIK: 1100663

CUSIP: 464288281

Source: www.BuySellSignals.com