VanEck Vectors® J.P. Morgan EM Local Currency Bond ETF (EMLC) Declines 92%

VanEck Vectors® J.P. Morgan EM Local Currency Bond ETF (EMLC) 

EMLC Investment Losses

Have you suffered losses investing in VanEck Vectors® J.P. Morgan EM Local Currency Bond ETF (EMLC)? If so, The White Law Group may be able to help you recover your losses by filing a FINRA arbitration claim against the brokerage firm that sold you the investment.

VanEck Vectors® J.P. Morgan EM Local Currency Bond ETF (EMLC) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the J.P. Morgan GBI-EM Global Core Index (GBIEMCOR), which is comprised of bonds issued by emerging market governments and denominated in the local currency of the issuer.

Unfortunately for investors, COVID-19 global pandemic has caused securities markets to tank, particularly those related to oil and gas..Structured notes with just weeks or months left until they mature, are trading in distressed territory, according to Bloomberg.

The $7.3 million VanEck Vectors Oil Services exchange-traded fund had a face value of $10 at issuance in 2015. Yesterday it traded at just 85 cents, meaning it’s “on course to saddle holders with a 92% loss at its due date on May 14,” according to an article in Yahoo Finance.

Concerned about investment losses?

The White Law Group continues to investigate the liability that brokerage firms may have for recommending complex and risky ETNs like EMLC to investors.

An exchange-traded note (ETN) is a senior, unsecured, unsubordinated debt security issued by an underwriting bank. Similar to other debt securities, ETNs have a maturity date and are backed only by the credit of the issuer. ETNs are designed to provide investors access to the returns of various market benchmarks.

Many of these investments are packaged as a way for investors to avoid the volatility of the market or capture growth in a particular sector.  In reality, these structured investments are just ways for the industry to increase revenues generated from the creation, sale, and management of these products.

Financial professionals and brokerage firms have a duty to recommend only investments that are appropriate for the client based on the client’s age, investment experience, net worth, and investment objectives.

If you have suffered losses investing in VanEck Vectors® J.P. Morgan EM Local Currency Bond ETF (EMLC), you may be able to recover your losses through FINRA arbitration. For a free consultation with a securities attorney, please call the White Law Group at 888-637-5510.

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee.

For more information on The White Law Group, visit https://whitesecuritieslaw.com.