Yielding 3.74% (30 day SEC Yield) at the moment, this fact is also likely a draw to institutional managers whom are looking for “risk on” type exposure in sovereign bonds via an ETF.
Related ETFs that may also be in play here include EMB (iShares JP Morgan USD Emerging Markets Bond), PCY (PowerShares Emerging Markets Sovereign Debt Portfolio), ELD (WisdomTree Emerging Markets Local Debt), and EMLC (Market Vectors Emerging Markets Local Currency Bond).
iShares Emerging Markets Local Currency Bond
For more information on Street One ETF research and ETF trade execution/liquidity services, contact Paul Weisbruch at [email protected].