iShares launches emerging market fixed income ETF

ETFiShares has launched Europe’s “first” exchange-traded fund to target local-currency Asia emerging market sovereign debt.

The iShares Barclays Capital EM Asia Local Govt Capped Bond fund targets a basket of bonds from countries including Thailand, South Korea, Philippines, Malaysia and Indonesia.

The fund is physically replicates the bonds and has a total expense ratio of 0.50%.

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