iShares, the firm behind the most popular ETF in the Emerging Markets Bonds ETFdb Category, rolled out another similar product to complement EMB on Thursday. The new Emerging Markets Local Currency Bond Fund (LEMB) will offer investors exposure to debt of emerging markets issuers that is denominated in local currencies, such as the South Korean Won, Brazilian Real, Mexican Peso, and Polish Zloty. The existing JP Morgan USD Emerging Markets Bond Fund (EMB), which debuted in late 2007 and has attracted more than $3 billion in assets, holds debt that is issued by entities in emerging markets but denominated in the U.S. dollar [for updates on all new ETF launches, sign up for the free ETFdb newsletter]. Under The Hood The new LEMB will seek to replicate the Barclays Capital Emerging Markets Broad Local Currency Bond Index, a benchmark that includes about 290 individual bonds and has an effective duration [...] Click here to read the original article on ETFdb.com. Related Posts: International Bond ETFs: Cruising Through All The Options One Year Later: EMLC Comes Through For Yield Hungry Investors Van Eck Debuts Latin America Bond ETF (BONO) WisdomTree Launches Asia Debt ETF (ALD) Recapping Impressive Innovation In Bond ETF Space
iShares, the firm behind the most popular ETF in the Emerging Markets Bonds ETFdb Category, rolled out another similar product to complement EMB on Thursday. The new Emerging Markets Local Currency Bond Fund (LEMB) will offer investors exposure to debt of emerging markets issuers that is denominated in local currencies, such as the South Korean Won, Brazilian Real, Mexican Peso, and Polish Zloty. The existing JP Morgan USD Emerging Markets Bond Fund (EMB), which debuted in late 2007 and has attracted more than $3 billion in assets, holds debt that is issued by entities in emerging markets but denominated in the U.S. dollar [for updates on all new ETF launches, sign up for the free ETFdb newsletter]. Under The Hood The new LEMB will seek to replicate the Barclays Capital Emerging Markets Broad Local Currency Bond Index, a benchmark that includes about 290 individual bonds and has an effective duration [...]
Click here to read the original article on ETFdb.com.
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