EM Dollar Debt Attracts Buyers After Trader Dumps Local Bond ETFBy
iShares EM dollar bond ETF had record inflows on June 20
- Move is a flip from 2017, when local currency debt was hot
Call off the panic in emerging-market dollar bonds.
On June 20, a trader dumped about $321 million of the VanEck Vectors J.P. Morgan EM Local Currency Bond ETF, leaving investors wondering if the exchange-traded fund, and the underlying debt, was about to tank. Meanwhile, buyers bolstered the iShares J.P. Morgan USD Emerging Markets Bond ETF, or EMB, triggering a record $413 million of inflows on the same day…
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