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iShares J.P. Morgan EM Local Currency Bond ETF (LEMB)



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Upturn Advisory Summary
10/01/2025: LEMB (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type ETF | Historic Profit 9.93% | Avg. Invested days 60 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | ETF Returns Performance ![]() |
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Key Highlights
Volume (30-day avg) - | Beta 0.9 | 52 Weeks Range 35.67 - 40.25 | Updated Date 06/30/2025 |
52 Weeks Range 35.67 - 40.25 | Updated Date 06/30/2025 |
Upturn AI SWOT
iShares J.P. Morgan EM Local Currency Bond ETF
ETF Overview
Overview
The iShares J.P. Morgan EM Local Currency Bond ETF (LEMB) seeks to track the investment results of an index composed of local currency-denominated emerging market bonds. It primarily focuses on providing exposure to government and government-related bonds from emerging market countries.
Reputation and Reliability
BlackRock, the issuer, is one of the world's largest asset managers with a strong reputation and track record in the ETF market.
Management Expertise
BlackRock has extensive experience and a large team of investment professionals managing a wide range of fixed income ETFs.
Investment Objective
Goal
The fund seeks to track the investment results of the J.P. Morgan GBI-EM Global Diversified 15% Country Capped Index, which measures the performance of local currency bonds issued by emerging market governments.
Investment Approach and Strategy
Strategy: The ETF employs a representative sampling strategy to track its underlying index.
Composition The ETF primarily holds emerging market government bonds denominated in local currencies.
Market Position
Market Share: LEMB holds a significant, though not dominant, share of the emerging market local currency bond ETF market.
Total Net Assets (AUM): 2480000000
Competitors
Key Competitors
- VanEck J.P. Morgan EM Local Currency Bond ETF (EMLC)
- WisdomTree Emerging Markets Local Debt Fund (ELD)
Competitive Landscape
The competitive landscape involves several ETFs offering exposure to emerging market local currency bonds. LEMB, backed by BlackRock's brand and size, faces competition from VanEck's EMLC and WisdomTree's ELD, each with slightly different index methodologies and expense ratios. LEMB's advantage lies in its AUM and trading volume, while competitors might offer lower expense ratios or different country allocations.
Financial Performance
Historical Performance: Historical performance data needs to be retrieved from financial data providers.
Benchmark Comparison: Benchmark comparison needs to be retrieved from financial data providers and compared to the J.P. Morgan GBI-EM Global Diversified 15% Country Capped Index.
Expense Ratio: 0.3
Liquidity
Average Trading Volume
The average trading volume is reasonably liquid, enabling efficient trading.
Bid-Ask Spread
The bid-ask spread is generally tight, indicating low transaction costs.
Market Dynamics
Market Environment Factors
Economic indicators in emerging markets, interest rate differentials between developed and emerging markets, currency fluctuations, and geopolitical risks affect LEMB.
Growth Trajectory
Growth trends are influenced by the overall health of emerging market economies, investor sentiment towards EM debt, and changes in the composition of the underlying index.
Moat and Competitive Advantages
Competitive Edge
LEMB's competitive edge stems from its large AUM and strong brand recognition as an iShares ETF managed by BlackRock. This provides economies of scale, leading to potentially tighter tracking and competitive expense ratios. Its adherence to the widely recognized J.P. Morgan index also attracts institutional investors. However, the ETF remains exposed to risks associated with emerging market debt and currency fluctuations. The ETF offers diversified exposure and has a liquid market to trade its shares.
Risk Analysis
Volatility
Volatility is expected to be moderate to high, reflecting the inherent risks of emerging market debt and currency fluctuations.
Market Risk
Market risk includes currency risk (local currency depreciation), interest rate risk (rising rates in emerging markets), credit risk (potential defaults), and political/economic instability in emerging market countries.
Investor Profile
Ideal Investor Profile
The ideal investor is someone seeking income and diversification through exposure to emerging market debt, with a higher risk tolerance and a long-term investment horizon.
Market Risk
LEMB is suitable for long-term investors seeking diversification and higher potential returns, but it is not suitable for risk-averse investors or those with short-term investment goals.
Summary
The iShares J.P. Morgan EM Local Currency Bond ETF (LEMB) provides exposure to emerging market government bonds denominated in local currencies, offering diversification and income potential. BlackRock manages it, offering liquidity and a competitive expense ratio. The ETF is exposed to emerging market risks, including currency fluctuations and political instability, making it suitable for risk-tolerant, long-term investors. While not the largest, it presents a substantial portfolio and is generally highly liquid.
Peer Comparison
Sources and Disclaimers
Data Sources:
- iShares.com
- Morningstar
- Bloomberg
- ETFdb.com
Disclaimers:
The data provided is for informational purposes only and should not be considered investment advice. Investment decisions should be based on thorough research and consultation with a financial advisor. Market conditions can change, and past performance is not indicative of future results.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About iShares J.P. Morgan EM Local Currency Bond ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website |
The fund will invest at least 80% of its assets in the component securities of the underlying index, and the fund will invest at least 90% of its assets in fixed income securities of the types included in the underlying index that BFA believes will help the fund track the underlying index. The index tracks the performance of local currency-denominated sovereign bond markets of emerging market countries. The fund is non-diversified.

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