“The Initial Fund will offer a simple and efficient way to gain exposure to a diversified basket of emerging market debt instruments while preserving the opportunity to outperform the relevant benchmark index,” according to the filing.

The ProShares fund will likely compete with existing emerging market debt funds like the WisdomTree Asia Local Debt Fund (NYSEArca: ALD) and WisdomTree Emerging Market Local Debt Fund (NYSEArca: ELD), which are both denominated in foreign currencies.

For more information on active ETFs, visit our actively managed ETFs category.

Max Chen contributed to this article.

Subscribe to our free daily newsletters!
Please enter your email address to subscribe to ETF Trends' newsletters featuring latest news and educational events.