“The debt ceiling debate has served as one more reminder that developed world debt is far from immune to negative fundamentals. Couple the issues in the U.S. with downgrades that have already taken place in developed Europe and contrast that with emerging market countries that have worked to strengthen their economic policies and improve their credit profiles, emerging market local currency bonds look potentially quite appealing,” said Jan van Eck, Principal at Van Eck Global.Mr. Van Eck also pointed to EMLC’s potential as an attractive proposition for investors seeking yield and as another potential reason why the Fund has been attracting investor attention. Since its launch, EMLC has paid monthly dividends and as of July 29, 2011 had a 30-day SEC yield of 6.1 percent. 1
Market Vectors® Emerging Markets Local Currency Bond ETF Celebrates One-Year Anniversary
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