Dallas, Texas 11/25/2013 (Financialstrend) – The exchange traded fund iShares JPMorgan USD Emer Mkt Bnd Fd ETF (NYSEARCA:EMB) has seen its market cap go up to $3.68 billion. This fund was previously traded under the name “iShares JPMorgan USD Emerging Markets Bond Fund”.
This funds investment and returns philosophy is aligned to the yield and the growth posted by the JPMorgan EMBI Global Core Index. JP Morgan has been managing this index which is populated with debt instruments which are issued by emerging markets. The significant differentiator of this index to other such emerging markets index is the fact that these traded debt bonds are directly linked to the U.S dollar currency. iShares JPMorgan USD Emer Mkt Bnd Fd ETF (NYSEARCA:EMB) has retained the services of BlackRock Fund Advisors as its investment advisors.
This fund has been a underperforming ETF with respect to its gains over the trading browsers. It has managed to depreciate its investors holdings by a 6.6% in the past 12 months context. The market valuation of the ETF improves when more recent time frames are considered. In the past quarter, it has managed to show a 2.6% increase in its valuation while in the last week of trading, the fund just about managed not to end up trading in the red by showing a minuscule 0.04% increase .
This weakness in the stock of iShares JPMorgan USD Emer Mkt Bnd Fd ETF (NYSEARCA:EMB) at the browsers is to some extent made bearable to its investors by the modest dividend the firm has paid out in the trailing 12 months. It has paid out dividend yield of $3.96 per share which translates to a 4.58% dividend yield.
The stock price had levelled out at $108.39 per share during trading on November 22, which is 9.2% lower than its 52 week high price valuations.