PIMCO Emerging Markets Advantage Local Bond Index (EMLI) 65.552 CHF (+0.00%) | Bonds & Rates SIX Swiss Exchange

ETF investing in local emerging market bonds based on a local bond index, with passive management.

Price history of PIMCO Emerging Markets Advantage Local Bond Index

Performance & Momentum

6 Months 1.45 %

1 Year 7.46 %

3 Years 17.84 %

5 Years 16.57 %

Momentum

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Strategic Analysis

PIMCO Emerging Markets Advantage Local Bond Index • 2026

PIMCO Emerging Markets Advantage Local Bond Index is a passive bond ETF exposed to emerging market local-currency debt. It aims to capture the carry and diversification offered by sovereign bonds denominated in local currency, using an index-based approach that emphasizes transparency and generally contained costs. Its positioning makes it a tactical vehicle for investing in a higher-yielding segment, but one that is also more sensitive to currency and local interest rate cycles.

Strengths

Direct exposure to an asset class that can potentially offer higher yields than developed market bonds
Geographic diversification across many emerging markets, reducing dependence on any single country
Passive management consistent with a simple, transparent, and generally efficient approach

Weaknesses

High sensitivity to local currency fluctuations and interest rate moves in emerging markets
Greater political and macroeconomic risk than sovereign debt from developed markets

Momentum

Momentum appears moderately favorable, with a solid trend and steady progress across several timeframes, reflecting sustained interest in emerging local debt. The recent profile suggests an asset benefiting from a carry backdrop that has become attractive again, while remaining exposed to bouts of volatility if the dollar strengthens or risk appetite deteriorates. For investors, this argues for a measured diversification allocation rather than an aggressive directional bet.

Analysis performed 3 weeks ago