tag:blogger.com,1999:blog-816559531110064247.post1797229203918242601..comments2024-03-08T01:03:44.522-08:00Comments on Humble Student of the Markets: A "smarter" way of reaching for yieldCam Hui, CFAhttp://www.blogger.com/profile/09672203690656029787noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-816559531110064247.post-23964765126942674922014-10-20T11:29:06.106-07:002014-10-20T11:29:06.106-07:00I am a fan of EMLC for local-currency exposure to ...I am a fan of EMLC for local-currency exposure to emerging markets bonds.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-816559531110064247.post-30686217889474384592014-10-19T12:16:37.469-07:002014-10-19T12:16:37.469-07:00thanks! also wondering about your approach regard...thanks! also wondering about your approach regarding duration. HYG is clear, but what does duration of EMB mean? If there is high correlation of EM duration to US duration, then EMB and IEF duration can be compared. But EM and US may be at different points in business cycle and yield curves may not be moving in the same direction. Then how to back out the risk-free (treasury) duration component of EMB?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-816559531110064247.post-86022536845177685712014-10-19T11:28:16.476-07:002014-10-19T11:28:16.476-07:00A falling USD will put EM countries in a better po...A falling USD will put EM countries in a better position, whereas a rising USD will squeeze these countries credit outlook.Cam Hui, CFAhttps://www.blogger.com/profile/09672203690656029787noreply@blogger.comtag:blogger.com,1999:blog-816559531110064247.post-66624074014778145042014-10-19T04:51:23.445-07:002014-10-19T04:51:23.445-07:00EMB is USD denominated EM bonds. You suggest EM c...EMB is USD denominated EM bonds. You suggest EM currency, then do you advocate ELD? Anonymousnoreply@blogger.com