Van Eck Debuts Local Currency Emerging Market Bond ETF (EMLC)

Earlier today, Van Eck launched the newest addition to their ever-growing list of international ETFs with the Market Vectors Emerging Markets Local Currency Bond ETF (EMLC). The new fund tracks the J.P. Morgan Government Bond Index Emerging Markets Global Core Index which is designed to track a basket of bonds issued in local currencies by emerging market governments. “With EMLC, we’ve created an ETF that allows investors to participate in the dynamics of the local emerging market economies, which include potential for currency appreciation and higher yields, relative to their developed market counterparts,” said Jan van Eck, Principal at Van Eck Global. “We’re very excited to be able to provide a means for tracking an index from the popular J.P. Morgan local currency bond index family, particularly at a time when the global markets are witnessing the growing importance of new economic leaders in regions such as Asia and Latin [...] Click here to read the original article on ETFdb.com. Related Stories: Why Emerging Market Bond ETFs Are Safer Than Developed Markets Emerging Market Bond ETFs Head-To-Head: EMB vs. PCY Definitive Guide To Emerging Market Bond ETF Investing