Three ETFs offering portfolio exposure to commodities and emerging markets have just debuted.
WisdomTree Emerging Markets Local Debt Fund (ELD)
ELD is an actively managed ETF that aims to provide exposure to emerging market debt denominated in local currencies.
The fund charges annual expenses of 0.55 percent and is sub-advised by Mellon Capital Management.
The effective duration for bonds owned within ELD’s portfolio is 4.56 years.
“We believe emerging-market debt is an attractive asset class, based on the faster growth and typically higher yields available in these countries relative to the U.S. and developed world,” said Bruce Lavine, WisdomTree President and COO in a statement.
“ELD will offer full exposure to local currencies, a feature we consider important for many investors because of the potential lower correlations and currency appreciation against the U.S. dollar,” he explained.