Van Eck launches emerging markets bond ETF

The Market Vectors Emerging Markets Local Currency Bond, which has a gross expense ratio of 0.60%, is designed to replicate the JP Morgan Government Bond Index-Emerging Markets Global Core benchmark, which comprises 171 bonds. These constituent bonds have maturities ranging form one to 30 years and have an average yield-to-maturity of 6.8%, as of July 1, 2010. The index consists of a range of bonds issued in local currencies by 13 emerging market countries across Latin America, Eastern Europe, Africa and Asia. The benchmark is market-cap weighted, with individual country exposures ...