Global X Emerging Markets Bond ETF (EMBD) is an actively managed exchange-traded fund that seeks a high level of total return, consisting of both income and capital appreciation, through investments in emerging market debt securities. The fund primarily invests in fixed-rate and floating-rate debt instruments denominated in U.S. dollars or local foreign currencies; these include bonds issued by sovereign, quasi-sovereign, and corporate entities from emerging market countries such as Argentina, Brazil, Egypt, Turkey, Poland, and Peru. Its portfolio emphasizes diversification across issuer types with approximately 74% in government bonds, 25% in corporate bonds, and the remainder in other securities, featuring a modified duration of 6.62 years and a yield to maturity of 5.40%.
Launched on June 1, 2020, and listed on NYSE Arca, EMBD is issued by Global X Management Company LLC, a subsidiary of Mirae Asset Financial Group founded in 2008 and headquartered in New York, New York. The fund is sub-advised by Mirae Asset Global Investments (USA) LLC, whose portfolio managers employ a dynamic strategy combining top-down macroeconomic analysis with bottom-up fundamental research to allocate across countries and issuers based on economic indicators, political environments, geopolitical issues, and relative valuations.
EMBD serves institutional and retail investors targeting emerging markets fixed income exposure, offering geographic diversification across emerging economies in Latin America, Europe, Africa, the Middle East, and Asia. In recent years, the fund has maintained a competitive 0.39% expense ratio amid steady net asset growth to approximately $285 million, reflecting sustained investor interest in active emerging market debt amid volatile global yields, with no major acquisitions, partnerships, or structural changes reported in the last 1-2 years.