“EMAG is the only U.S. listed ETF that provides comprehensive exposure to the full emerging markets debt opportunity set. It seeks to track the MVIS EM Aggregate Bond Index (MVEMAG), which is comprised of emerging market sovereign bonds and corporate bonds denominated in U.S. dollars, euros, or local emerging markets currencies, and includes both investment grade and below investment grade rated securities,” according to VanEck.
EMAG’s new annual fee is 0.35%, or $35 on a $10,000 investment, down from 0.49%.
EMAG, which recently turned seven years old, holds nearly 170 bonds and has a 30-day SEC yield of 4.58%. The ETF’s effective duration is 4.69 years. Nearly two-thirds of EMAG’s holdings are rated A or BBB.
For more information on the fixed-income market, visit our bond ETFs category.