| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers W > Headlines for WisdomTree Emerging Markets Corporate Bond Fund > News item |
WisdomTree launches its Emerging Markets Corporate Bond Fund
By Toni Weeks
San Diego, Feb. 9 - WisdomTree Trust announced it has launched the WisdomTree Emerging Markets Corporate Bond Fund, according to an N-1A filing with the Securities and Exchange Commission.
The exchange-traded fund will trade on Nasdaq under the symbol "EMCB."
The fund seeks a high level of total return consisting of both income and capital appreciation by investing in debt securities issued by corporate entities that are domiciled in or economically tied to emerging market countries.
Under normal conditions, the fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in corporate debt, which will include fixed-income securities of emerging market issuers. The securities may include bonds, notes, money market securities and other debt obligations such as loan participation notes. The fund may also invest up to 20% of its net assets in derivatives, such as swaps and forward currency contracts.
Although the fund intends to focus its investment on dollar-denominated corporate debt, it may also invest in corporate debt denominated in the local currency of emerging market countries. According to the filing, the fund intends to seek exposure to corporate debt from the regions of Asia, Latin America, Eastern Europe, Africa and the Middle East.
Stephen A. Walsh, Keith J. Gardner and Matthew C. Duda will be the portfolio managers.
The fund will not impose any shareholder fees. Total expenses and fees will be 0.6%, which consists solely of a management fee.
New York-based WisdomTree Asset Management, Inc. serves as the investment adviser to the fund.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.