WisdomTree Launches Active Emerging Markets Debt ETF (ELD)

WisdomTree, the New York-based ETF issuer whose product lineup includes a suite of actively-managed currency products, is stepping into the fixed income space. The firm announced today the launch of its Emerging Markets Local Debt Fund (ELD), an actively-managed ETF that will invest in local debt denominated in the currencies of emerging markets countries. ELD will be sub-advised by Mellon Capital Management Corporation. ELD will be the fourth ETF in the Emerging Markets Bonds ETFdb Category, joining funds from iShares (EMB), PowerShares (PCY), and Van Eck (EMLC). Although all of these ETFs invest in emerging markets debt, the currency denomination is an important differentiating factor. Both EMB and PCY invest in dollar-denominated debt securities, while EMLC and WisdomTree’s new fund will focus exclusively on debt issued in the local currencies. As such, these local currency debt funds give investors exposure to emerging markets currencies in addition to the fixed income exposure. [...] Click here to read the original article on ETFdb.com. Related Stories: WisdomTree Launches Emerging Currency ETF WisdomTree Plans Active Currency ETFs Why Emerging Market Bond ETFs Are Safer Than Developed Markets