Daily ETF Watch: Van Eck Plans EM Bond Fund

August 11, 2014

ETF will track the Market Vectors Emerging Markets Corporate Bond Index.

A new filing from Van Eck outlines its plans for an ETF that will cover the emerging market corporate bond space at a time when investors are searching for yields.

The Market Vectors Emerging Markets Corporate Bond ETF will track an in-house index that covers emerging market debt issued by corporations and government-affiliated agencies from roughly 50 different markets, according to the initial prospectus.

The bonds included in the index are all denominated in U.S. dollars or euros, and can be investment grade or below investment grade. The prospectus noted that, at the end of May, the index covered more than 1,300 bonds from nearly 600 different issuers and had a weighted average maturity of 7.61 years.

The filing did not include a ticker or expense ratio, but did note that the fund will list on the NYSE’s Arca platform.

Name/Index Changes

  • Deutsche Bank’s DBX ETF Trust will be rebranding its ETF family. Instead of being known as db X-trackers, the funds that have gone by that name will now be called Deutsche X-trackers, effective Monday, Aug. 11. Based on two communiques from the NYSE, 22 ETFs will be affected by the change.
  • Effective Aug. 1, the KraneShares CSI China Five Year Plan ETF (KFYP | D-27) changed its name to the KraneShares CSI New China ETF, according to an NYSE communique. The fund, which came to market roughly a year ago, kept its ticker and underlying index unchanged. KFYP tracks an index that targets areas of investment set to benefit from the five-year plans issued by the Chinese government.

 

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