Exchange-traded fund sponsor WisdomTree has launched a corporate bond ETF covering emerging market issuers across Asia, Latin America, Eastern Europe, Africa and the Middle East.
The product, dubbed WisdomTree Emerging Markets Corporate Bond Fund, will seek to maintain at least 65 percent of its holdings in investment grade assets with intermediate-term duration between two and 10 years. Listed on the Nasdaq Stock Market, the fund will charge a management fee of 60 basis points.
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