Bet on a Weak Dollar With Emerging Markets Bond ETF ‘EMLC’
This article was originally published on ETFTrends.com.
A strong U.S. dollar can be a drag on a variety of asset classes, including emerging markets debt denominated in local currencies. A stronger dollar usually means other currencies are weakening. In emerging markets, that scenario can lead to higher external financing pressures. The VanEck Vectors Emerging Markets Local Currency Bond ETF (NYSEArca: EMLC), which holds [...]