iShares Core MSCI Emerging Markets ETF (IEMGX) price

IEMGX tracks iShares Core MSCI Emerging Markets ETF, a fund that holds stocks listed outside the United States. Its price is quoted in US dollars, so it moves with both the shares it holds and the exchange rate between the dollar and those shares' local currencies.

Many of the fund's holdings trade on exchanges in other time zones, so during US hours the fund's price partly reflects estimates of where those shares will trade next.

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IEMGX contract address

XsFnZawJdLdXfBSEt5Vw29K5vdBiHotdPLjUPafpfHs

Ticker

IEMGX

Issuer

xStocks

Status

Verified

IEMGX is issued by Backed Finance. Backed Finance issues xStocks through Backed Assets (JE) Limited, which holds the underlying securities with custodians and handles minting and redemption for eligible clients.

What you hold is the token, not the underlying asset. IEMGX tracks the price of iShares Core MSCI Emerging Markets ETF, but it doesn't give you shareholder rights or a direct claim on the underlying holdings. Minting and redemption are handled by Backed Finance for eligible clients under its own terms. Solflare is a self-custody wallet for holding and swapping IEMGX, and it does not issue, back, or custody the token.

The price of IEMGX on Solana is set by on-chain trading. Where liquidity is deep, it tends to stay close to the underlying price. Where liquidity is thin, a small swap can move the price and the gap to the underlying can widen.

When the underlying fund pays a distribution, Backed Finance folds it into the token instead of paying it out, so each IEMGX comes to represent slightly more of the fund over time while the number of tokens in your wallet stays the same.

IEMGX can be swapped on Solana at any hour, but the fund it tracks trades only during US market hours. Outside those hours there's no live fund price, so the price of IEMGX comes from on-chain trading alone and can drift from the fund's last close.

The scaling factor for IEMGX is 1.0056. It rises as the underlying fund's distributions are folded into the token, so each token represents slightly more of the fund over time while your token count stays the same. Read the factor as accumulated distributions, not as a price change.

Other tokens tracking iShares Core MSCI Emerging Markets ETF