Market Vectors Emerging Markets High Yield ETF at $200 million mark

By Toni Weeks

San Luis Obispo, Calif., April 15 - Market Vectors announced that its Emerging Markets High Yield Bond ETF has surpassed the $200 million assets under management mark, according to a press release.

In addition, another Market Vectors fixed-income exchange traded fund, the International High Yield Bond ETF, has reached assets of $257 million as of March 31, up from $210 million at the end of 2012.

"The recent flows that we have seen suggest that investors are not giving up on bonds, but they are making a significant change in how they allocate to the asset class," Fran Rodilosso, Fixed Income portfolio manager at Market Vectors, said in the release. "Short-term, high-yield, emerging-markets credit and floating-rate funds have gained significant assets during the quarter. At the same time, some U.S.-centric high-yield ETFs have seen fairly large outflows.

"It is not the much anticipated 'great rotation' into equities we see, but rather investors starting to move assets between subsectors of fixed income, seeking out the shorter end of the yield curve and diversifying the kinds of instruments they hold," Rodilosso added.

Market Vectors ETFs are sponsored by New York-based Van Eck Global, an investment management firm.

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