markets · · seekingalpha.com
EMHY: 8.27% YTM, 0% Real Return. The Paradox You Need To Know
iShares J.P. Morgan EM High Yield Bond ETF remains rated 'Hold' in my opinion due to a muted real return outlook. EMHY yields 8.27% with a 4.62 duration, but half the portfolio is sensitive to rates and oil prices. My scenario analysis shows likely returns of 3–7%, with real returns near zero given current inflation.
iShares J.P. Morgan EM High Yield Bond ETF remains rated 'Hold' in my opinion due to a muted real return outlook. EMHY yields 8.27% with a 4.62 duration, but half the portfolio is sensitive to rates and oil prices. My scenario analysis shows likely returns of 3–7%, with real returns near zero given current inflation.
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