This ETN is one of the more unique products currently on the market, offering investors a way to place a leveraged bet on the performance of emerging market stocks. EMLB is unique from other leveraged EM ETPs in several ways. First, this product is an ETN, meaning that investors are exposed to the credit risk of the issuing institution but will avoid any tracking error. Second, while most leveraged ETPs seek amplified results over a daily or monthly time horizon, this product seeks to deliver leveraged results over a much longer time frame: the life of the note (remember that ETNs are debt instruments, with maturity dates). So while EMLB offered 2x leverage at launch of the product, that "participation" multiple will change based on the performance of the related index (see the iPath Web site for the latest effective leverage). As such, EMLB is actually very different than most leveraged ETPs; while it still probably isn't appropriate for long-term portfolios, it won't experience the same degree of return erosion in up-and-down markets. Investors should also take note of the potential for automatic redemptions of the notes, another feature unique to EMLB and similar products.
The adjacent table gives investors an individual Realtime Rating for EMLB on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the Leveraged Equities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.View the Category Report
The following tables and charts contain in-depth metrics for this ETF and compare it to similar peer ETFs within its ETFdb.com Category.
This section compares how balanced and deep this ETF is relative to the peer group ETFdb.com Category.
This ETF is not currently available for commission free trading on any platforms.
There are 7 other ETFs in the Leveraged Equities ETFdb.com Category that are also eligible for commission free trading:
This section shows how this ETF has performed relative to its peer group ETFdb.com Category.
This section compares the fund flows of this ETF to peers in the same ETFdb.com Category.
The following charts can be customized to display historical performance in a number of different formats, including line charts, bar charts, and candlesticks. Time periods can be adjusted to increase or decrease the period shown, ranging from five minutes to several months.
The following chart also includes the option to compare the performance of EMLB relative to other ETFs and benchmarks or to include indicators such as Bollinger Bands, relative strength, and moving averages.
This section shows how the volatility of this ETF compares to the peer group ETFdb.com Category.
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