This Emerging Markets Bond ETF (+4.7%) Was Today’s Biggest Gainer

The Market Vectors Emerging Markets Aggregate Bond ETF (EMAG) outperformed all other non-leveraged, non-inverse exchange traded products in the U.S. today on a percentage basis, producing a +4.71% one-day return and outperforming the wider markets by a total of 5.06 percentage points.

Behind The Gains

EMAG closed today at $21.10 per share, up $0.95 (+4.71%). Putting this move in context, the S&P 500 index — largely considered the most popular and useful benchmark for equity performance — closed down $0.80 (-0.35%) on the day.

EMAG’s trading volume today was a paltry total of 304 shares, which was an increase of 28% versus its average daily trading volume of 238. Rising trading volume generally an indicator of increased demand for a particular security, and is typically associated with a specific news event or trend that draws investors into or out of specific asset classes, or sectors or subsectors within those classes. However, EMAG’s overall weak daily volume can lead to very big percentage moves.

Including any dividends as well as today’s gains, EMAG has now returned a total of 3.69% year-to-date, versus a 1.22% gain in the S&P 500 during the same timeframe.

A Look Under The Hood

Market Vectors Emerging Markets Aggregate Bond ETF is a Fixed Income-focused product issued by Van Eck Associates. Its expense ratio of 0.49% makes it the #7 cheapest ETF among 22 total funds in the Emerging Markets Bonds ETFs category.

EMAG currently boasts $14.57M in assets under management (AUM), placing it #17 of 22 ETFs in its category, and #1387 of 1920 total ETFs in the U.S. exchange traded universe.

The investment objective of the Market Vectors Emerging Market Aggregate Bonds ETF seeks to replicate as closely as possible the price and yield performance of Market Vectors EM Aggregate Bond Index. The fund normally invests at least 80% of its total assets in securities that comprise the fund’s benchmark index. The index is comprised of sovereign bonds and corporate bonds denominated in U.S. dollars, Euros or local currencies of an emerging market country. The index includes both investment grade and below investment grade rated securities.


EMAG currently has an ETF Daily News SMART Grade of B (Buy), and is ranked #17 of 22 funds in the Emerging Markets Bonds ETFs category.

For more information about this ETF, including full ratings, news, data, and more, please visit EMAG’s ticker page.

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