- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 666 Third Avenue, 9th Floor New York NY United States of America 10017
- IPO Date
- Jul 22, 2010
- Business
- VanEck J.P. Morgan EM Local Currency Bond ETF (EMLC) is an exchange-traded fund that seeks to replicate, before fees and expenses, the price and yield performance of the J.P. Morgan GBI-EM Global Core Index, which tracks bonds issued by emerging market governments and denominated in the issuers' local currencies. The ETF provides investors with access to local currency-denominated sovereign bonds from emerging economies including Brazil, Mexico, South Africa, Turkey, Indonesia, India, Colombia, Poland, Peru, Thailand and others; it holds a diversified portfolio of investment-grade and high-yield fixed income securities with varying maturities, emphasizing higher yields relative to developed markets alongside potential for local currency appreciation. EMLC operates primarily in the global fixed income segment targeting institutional and retail investors seeking emerging markets debt exposure, with geographic focus on emerging market countries across Latin America, Europe, Asia, Africa and the Middle East.
Launched on July 22, 2010 and managed by VanEck, a New York City-headquartered global investment management firm founded in 1955, the ETF has grown to approximately $4.14 billion in total net assets as of December 2025, with a net expense ratio of 0.30% and a 30-day SEC yield of 5.94%. VanEck, the ETF's sponsor and issuer through VanEck ETF Trust, offers a broad suite of exchange-traded funds covering equities, fixed income, commodities and alternatives; it maintains offices in the United States, Europe and Asia-Pacific to serve worldwide clients including institutional investors and separately managed accounts.
Recent developments include VanEck's launch of a $30 million early-stage venture capital fund, VanEck Ventures, in June 2025 to invest in pre-seed and seed-stage startups in fintech, digital assets and artificial intelligence, marking a strategic expansion into direct venture investments beyond its core ETF business. The firm has continued innovating in the ETF space with new product debuts such as the Solana ETF (VSOL) featuring zero fees for the first $1 billion in assets or until February 2026, alongside ongoing approvals for cryptocurrency-related ETFs like spot Bitcoin and Ethereum products in 2024. EMLC itself maintains stable operations with recent inflows supporting assets under management growth to over $4 billion, reflecting sustained investor interest in emerging markets local currency debt amid higher yields.