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ProShares launches first short term emerging markets bond ETF

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ProShares has launched the Short Term USD Emerging Markets Bond ETF (EMSH), the first short term emerging markets bond ETF in the US.

The ETF is designed to offer attractive yield potential with reduced interest rate sensitivity.
 
“Investors concerned about rising interest rates have been flooding into short term bond ETFs,” says Michael Sapir (pictured), chairman and chief executive of ProShare Advisors, ProShares’ investment advisor. “We are pleased to introduce the nation’s first short term emerging markets bond ETF, which offers exposure to this attractive-yielding asset class while limiting the impact of rising interest rates.”
 
The ETF tracks the DBIQ Short Duration Emerging Market Bond Index, which is composed of a diversified portfolio of US dollar-denominated emerging markets bonds with a weighted average maturity of three years or less. The index currently includes bonds from 19 countries issued by sovereign governments, other government entities and agencies, as well as corporations that have significant government ownership. A country’s weight in the index is capped at 10 per cent. Bonds must have a minimum USD500m outstanding issuance to be eligible.

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