“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 EMLC is one of eight funds in Van Eck’s family of Market Vectors fixed-income ETFs, which span municipal, international and corporate bond categories — High-Yield Municipal Index ETF (HYD), Intermediate Municipal Index ETF (ITM), Long Municipal Index ETF (MLN), Pre-Refunded Municipal Index ETF (PRB), Short Municipal Index ETF (SMB), CEF Municipal Income ETF (XMPT) and Investment Grade Floating Rate ETF (FLTR). About Van Eck Global Founded in 1955, Van Eck Associates Corporation was among the first U.S. money managers helping investors achieve greater diversification through global investing. Today the firm continues this 50+ year tradition by offering global investment choices in hard assets, emerging markets, precious metals including gold, and other specialized asset classes. Market Vectors exchange-traded products have been offered by Van Eck Global since 2006 when the firm launched the nation’s first gold mining ETF. Today, Market Vectors ETFs and ETNs span several asset classes, including equities, municipal bonds and currency markets. Van Eck Global also offers mutual funds, variable insurance products, separate accounts and alternative investments. Designed for investors seeking innovative choices for portfolio diversification, Van Eck Global’s investment products are often categorized in asset classes having returns with low correlations to those of more traditional U.S. equity and fixed income investments.