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Fixed income & portfolio / Emerging markets
CompletedEmerging market bond ETFs: EMB and VWOB
Compared two emerging-market bond ETFs and modeled raising the portfolio allocation from 7% to 10%.
Tools: Excel, Bloomberg
Research question
Is there a case for holding more emerging-market debt, and through which fund?
Analytical framework
I compared the credit quality, yield, duration, and risk of the JPMorgan EMB and Vanguard VWOB ETFs.
Findings
Raising the allocation from 7% to 10% projected a 12% improvement in risk-adjusted returns.