Van Eck Global has launched the Market Vectors LatAm Aggregate Fund ETF, which will track the BofA Merrill Lynch Broad Latin America Bond Index.

“Local debt markets in Latin America have been maturing quickly in recent years,” said Jan van Eck, a principal at the firm. “Governments have limited their reliance on borrowing abroad, infrastructure projects are proliferating throughout the region, and better transparency has led to improved sovereign credit ratings. Those factors, coupled with the relatively high yields currently offered by Latin American bonds, have served to increase foreign investment demand for the region’s sovereign and corporate debt.”

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