Citywire Selector - For Professional Investors

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

US giant unveils new EMD local currency ETF

US giant unveils new EMD local currency ETF

US group VanEck Investments has broadened its exchange-traded fund (ETF) range with the launch of a dedicated emerging market local currency bond fund.

The VanEck JP Morgan EM Local Currency Bond Ucits ETF marks the company’s fourth offering for European investors, having launched two gold-focused funds and a smart beta product previously.

This new approach will track the JP Morgan GBI-EMG Core Index, which is designed to tap local currency bonds issued by emerging market governments.

VanEck said the strategy will tap a diverse array of countries and will provide high yield, while also exercising low levels of correlation to the US dollar. It is market-cap weighted with no individual exposure exceeding 10%.

It is initially listed on the London Stock Exchange, with listing on further European Stock Exchanges to follow in the short term.

Founded in 1955, VanEck is an investment management firm headquartered in New York. It oversees $38 billion in assets under management, as at the end of 2016.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Events
  • Citywire Luxembourg Forum

    Citywire Luxembourg Forum

  • Citywire DACH 2017

    Citywire DACH 2017

  • Citywire Italy 2017

    Citywire Italy 2017

  • Citywire Berlin 2017

    Citywire Berlin 2017

  • Citywire Miami 2017

    Citywire Miami 2017

  • Citywire Professional Buyer

    Citywire Professional Buyer

  • Citywire Madrid 2017

    Citywire Madrid 2017

  • Citywire Switzerland Retreat 2017

    Citywire Switzerland Retreat 2017

  • Citywire Amsterdam 2017

    Citywire Amsterdam 2017

  • Citywire Frankfurt 2017

    Citywire Frankfurt 2017

  • Citywire Alternative Ucits Retreat 2017

    Citywire Alternative Ucits Retreat 2017

  • Citywire Paris 2017

    Citywire Paris 2017

  • Citywire Milan 2017

    Citywire Milan 2017

  • Citywire Deutschland 2017

    Citywire Deutschland 2017

  • Citywire DACH 2017

    Citywire DACH 2017

  • Citywire Italy 2016

    Citywire Italy 2016

  • Citywire Milan 2016

    Citywire Milan 2016

  • Citywire Alt Ucits 2016

    Citywire Alt Ucits 2016