Market Vectors ETF Trust has launched the Emerging Markets High Yield Bond ETF (NYSE Arca: HYEM), designed to focus solely on the U.S. dollar-denominated non-sovereign segment of the EM high-yield bond market.

The ETF seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of The BofA Merrill Lynch High Yield US Emerging Markets Liquid Corporate Plus Index (EMHY). This index is comprised of U.S. dollar-denominated bonds issued by non-sovereign emerging market issuers that are rated below investment grade.

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