8638 van eck to add emerging market bond etfs

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Van Eck To Add Emerging Market Bond ETFs

Written by Journal of Indexes Europe Staff

  
October 29, 2012

Van Eck Global, the New York-based fund manager behind the Market Vectors ETFs, filed paperwork with U.S. regulators to market two more emerging market bond funds that would go head-to-head with some sizable competition from providers such as WisdomTree and iShares.

The Market Vectors Emerging Markets Aggregate Bond ETF and its dollar-denominated counterpart, the Market Vectors Emerging Markets USD Aggregate Bond ETF, would each own developing economies’ sovereign and nongovernment debt, both investment-grade and junk, with the latter being a dollar-denominated portfolio.

Neither filing detailed what indexes will underlie the funds, nor their costs or tickers. In fact, the filings provided little detail other than to say that the strategies would replicate their benchmarks through representative sampling.

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