US$ emerging market bond first in Europe from iShares

iShares describes the iShares Morningstar $ Emerging Markets Corporate Bond ETF as providing “broad and diversified exposure to US dollar denominated debt issued by corporates based in Latin America, Eastern Europe, the Middle East, Africa and Asia.” It says it has worked closely with the index provider to construct “a high quality, investible index which incorporates built-in liquidity screens and a cap to ensure no single issuer accounts for more than 5% of the fund.” Commenting on the launch, Axel Lomholt, Head of Product Development, said: “Emerging market corporate bonds provide an ...