12/8/10: 1 Buy, 1 Sell
We expect the US dollar to continue to decline in value while foreign currencies make gains. We recommend investors sell iShares JPMorgan USD Emerging Market Bond Fund (NYSE: EMB). While the fund has returned almost 8 percent since recommendation in April, we’re seeking lower exposure to the US dollar.
Market Vectors Emerging Markets Local Currency Bond (NYSE: EMLC) offers similar country and credit exposure as the iShares offering but only purchases non-dollar denominated bonds. Buy Market Vectors Emerging Markets Local Currency Bond under 30.
Market Vectors Emerging Markets Local Currency Bond (NYSE: EMLC) offers similar country and credit exposure as the iShares offering but only purchases non-dollar denominated bonds. Buy Market Vectors Emerging Markets Local Currency Bond under 30.
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