ETF Trends
ETF Trends

Van Eck Global, the investment management firm behind the Market Vectors line of exchange traded funds, has filed with the Securities and Exchange Commission to launch six new high-yield and below-investment grade bond ETFs.

Van Eck’s proposed ETF offerings include:

  • Market Vectors International US$ High Yield Bond ETF. According to the filing, the fund will follow U.S. dollar-denominated below investment grade debt issued by global corporations excluding the U.S. corporate debt issued in the U.S. and Eurobond markets.
  • Market Vectors Emerging Markets US$ High Yield Bond ETF. According to the filing, the fund is comprised of U.S. dollar denominated debt issued by non-sovereign emerging market issuers that are rated BB1 or lower and are issued in the major domestic and Eurobond markets.
  • Market Vectors Global High Yield Bond ETF. According to the filing, the fund holds below investment grade debt issued by corporations located throughout the world including the U.S. and emerging market countries denominated in Euros, U.S. dollars, Canadian dollars or pound sterling.
  • Market Vectors Global High Yield US$ Bond ETF. According to the filing, the fund tracks U.S. dollar-denominated below investment grade debt issued by corporations located throughout the world including the United States and issued in the U.S. domestic and Eurobond markets.
  • Market Vectors Fallen Angel US$ Bond ETF. According to the filing, the fund follows below investment grade corporate debt denominated in U.S. dollars that were rated investment grade but have fallen to below investment grade rating. The underlying Index is comprised of bonds issued by both U.S. and non-U.S. issuers and must be a member of the Group of Ten, a western European nation, or a territory of the U.S. or a Western European nation.
  • Market Vectors Global Fallen Angel Bond ETF. According to the filing, the fund is comprised of below investment grade debt issued by corporations located throughout the world; denominated in Euros, U.S. dollars, Canadian dollars or pound sterling; and were originally rated investment grade.

Earlier in the week, iShares filed to launch an Emerging Markets High Yield Bond Fund and an Emerging Markets Corporate Bond Fund. The High Yield Bond Fund will hold below-investment grade U.S. dollar-denominated emerging market sovereign and corporate bonds, or junk bonds. The Corporate Bond Fund will hold U.S. dollar-denominated emerging market corporate bonds.

For more information on corporate bonds, visit our corporate bonds category.

Max Chen contributed to this article.

The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.