Global X announces launch of Global X Emerging Markets Bond ETF

By Sarah Lizee

Olympia, Wash., June 3 – Global X ETFs announced the launch of its first actively managed fund, the Global X Emerging Markets Bond ETF.

The fund, which is sub-advised by Global X affiliate Mirae Asset Global Investments, aims to provide investors with strategic exposure to the growing universe of emerging market debt, Global X said in a press release.

The fund primarily invests in emerging market debt securities denominated in U.S. dollars, but may also invest in those denominated in applicable local foreign currencies.

Securities may include fixed- and floating-rate debt instruments issued by sovereign, quasi-sovereign and corporate entities from emerging market countries.

The fund’s country allocation will be based on factors including economic indicators and conditions, industry structure, terms of trade, political environment and geopolitical issues.

Portfolio managers Joon Hyuk Heo and Ethan Yoon will additionally seek to identify potential corporate and sovereign opportunities in support of bolstering the fund’s risk-adjusted returns.

Global X is a New York-based provider of exchange traded funds.

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