WisdomTree (WSDT) Announces the launch of the WisdomTree Emerging Markets Local Debt Fund (ELD)

Описание: Exchange-traded fund sponsor and asset manager WisdomTree (WSDT) announced today the launch of the WisdomTree Emerging Markets Local Debt Fund (ELD) on the NYSE Arca. The ETF is designed to provide exposure to emerging market debt denominated in local currencies; it has an expense ratio of 0.55%. The Fund currently has $125 million in assets. The actively managed ETF is sub-advised by Mellon Capital Management Corp.

Bruce Lavine, WisdomTree President & COO, said "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. 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."