Assets under management (AUM) of the Market Vectors Emerging Markets Local Currency Bond ETF have exceeded $500 million, Benzinga reports. The ETF of Van Eck Global now holds $512.8 million in AUM along with an expense ratio of 0.49%.
The ETF offers exposure to emerging markets as the index it tracks currently follows bond issues from places, including Brazil, Chile, Colombia and Hungary. Market Vectors had 35 ETFs trading at the end of July with $24.2 billion in AUM.
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