Country allocations include Brazil 10%, Poland 10%, South Africa 10%, Mexico 10%, Malaysia 9.1%, Turkey 8.3%, Indonesia 7.9%, Russia 7.6%, Thailand 6.0%, Hungary 5.3%, Colombia 3.9%, Peru 3.1%, Nigeria 3.0%, Chile 3.0% and Philippines 3.0%.
Shepherd points out that the majority of the country holdings have debt-to-GDP ratios at or below 40%. Additionally, the fund’s portfolio countries could experience an economic expansion of 5% or more this year and add another 6% in 2013 as the economies are relatively insulated from the problems in the developed world.
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Max Chen contributed to this article.