First Trust Emerging Markets Local Currency Bond ETF (FEMB)
First Trust Emerging Markets Local Currency Bond ETF operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Wheaton, IL, US. The stock last traded at $29.64, up 0.00% on the session, giving a market capitalisation of $357.2M. Its beta of 1.27 implies it has historically moved more than the broad market.
This Fund's primary goal is to achieve the highest possible total return while also generating current income for investors. Under typical market conditions, it aims to fulfill this objective by committing at least 80% of its net assets (including any borrowed funds) to debt obligations, such as bonds, notes, and bills, issued or guaranteed by entities in emerging market economies, provided these are denominated in the local currency of the issuer.
First Trust Emerging Markets Local Currency Bond ETF is most often compared with the following Financial Services names: