Market Vectors Emerging Markets High Yield Bond ETF (NYSEArca: HYEM)
30-Day SEC Yield: 6.94%
Effective Duration: 4.04 years
Comment: HYEM was one of the first ETFs to focus exclusively on the non-sovereign, junk area of the emerging markets debt universe. Investors have bought into the concept, having poured almost $244 million into the ETF. High-yield emerging markets corporates have higher yields than their sovereign and U.S. junk counterparts and lower default rates than U.S. non-investment grade corporates. [An EM Junk Bond ETF Crushes Treasuries]