Emerging Global Advisors broke new territory when it launched three ETFs in mid-January targeting emerging market bonds. The three funds invest respectively in short-, intermediate- and long-term emerging market investment-grade bonds and are subadvised by asset manager The TCW Group.
The new launches include:
- EGShares TCW EM Short Term Investment Grade Bond ETF (SEMF)
- EGShares TCW EM Intermediate Term Investment Grade Bond ETF (IEMF)
- EGShares TCW EM Long Term Investment Grade Bond ETF (LEMF)
All three track indexes from J.P. Morgan that target different duration ranges in the USD-denominated, investment-grade emerging market bonds space, a press release said. The benchmarks include both corporate and sovereign debt. Each fund comes with an expense ratio of 0.65 percent.