Long EMLC VanEck JPMorgan EM Local Currency Bond
Mis à jour
EMLC is bumping up downward sloping resistance line. Should it breakout I'm looking to accumulate shares of EMLC - VanEck JPMorgan EM Local Currency Bond ETF. These bonds are denominated in local EM currency and should benefit from a falling dollar. I also like the 6.85% yield.
Transaction en cours
Still think EMLC is a good long term buy with the trend in the major trend in the dollar down, but short term I think DXY could bounce so I'm patiently waiting for a better entry point.
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