The fund may invest 80% of its assets in securities of the Underlying Index and depositary receipts representing securities of the Index, along with 20% of its assets in certain futures, options and swap contracts, cash and cash equivalents.
It should be noted that that there are no ratings restrictions on either the individual bonds or the country of risk.
The new fund will expand iShares’s recent slew of new fixed-income ETF offerings. Additionally, CEMB will be competing directly with the recently launched WisdomTree Emerging Markets Corporate Bond Fund (NasdaqGM: EMCB). [iShares Lists New High-Yield ETFs]
For more information on new ETF products, visit our new ETFs category.
Max Chen contributed to this article.