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Van Eck To Launch Dim Sum Bond ETF

New York-based money management firm Van Eck Global is seeking to launch a “Dim Sum” exchange-traded fund.

New York-based money management firm Van Eck Global is seeking to launch a “Dim Sum” exchange-traded fund (ETF), NASDAQ reports. The ETF will own securities from Chinese or non-Chinese issuers outside of the mainland, including governments, supranational agencies and companies.

Those companies include Invesco PowerShares, WisdomTree, ETSpreads and GuggenheimFunds.The Market Vectors Dim Sum Bond ETF will mostly own paper that is issued in Hong Kong.

Click here for the story from NASDAQ.

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