Market Vectors today launched its newest exchange traded fund (ETF), designed to give investors exposure to an index of bonds that are issued in the local currency of emerging markets.
The Market Vectors Emerging Markets Local Currency Bond ETF (NYSEArca: EMLC) is the first U.S.-listed exchange-traded fund (ETF) designed to provide investors with exposure to an index that tracks a basket of bonds issued in local currencies by emerging market governments.
The ETF tracks the price and yield performance of J.P. Morgan Government Bond Index-Emerging Markets Global Core Index. The Index currently tracks a selection of bonds issued in local currencies by 13 emerging market countries representing Latin America, Eastern Europe, Africa, and Asia: Brazil, Colombia, Egypt, Hungary, Indonesia, Malaysia, Mexico, Peru, Poland, Russia, South Africa, Thailand and Turkey. [A New ETF With an Active Twist.]
WisdomTree has filed with The Securities and Exchange Commission (SEC) to offer a managed futures ETF designed to deliver returns in different market scenarios. The WisdomTree Managed Futures Strategy Fund will seek to benefit in rising or falling markets based on the “moving average” price changes of commodities, currencies and fixed-income futures contracts over a recent period, says Olivier Ludwig for Index Universe.