Market Vectors, the ETF unit of New York-based Van Eck Global, is to launch its emerging market fixed-income ETF that will own sovereign and corporate credits denominated in dollars, euros or local currencies.
The Market Vectors Emerging Markets Aggregate Bond ETF will list on NYSE Arca under the ticker EMAG, self-indexed strategy based on the Market Vectors EM Aggregate Bond Index, according to IndexUniverse.
The new ETF will come with an after-fee-waiver annual expense ratio of 0.49%, or US$49 for a minimum investment of $10,000.
The fixed-income ETF will include investment-grade and below-investment-grade credits from a range of emerging market countries.
Market Vectors has filed a regulatory paperwork on 12 November to launch the new ETF.