A news release said the offering is designed to provide exposure to emerging market debt denominated in local currencies and has an expense ratio of 0.55%. The fund currently has $125 million in assets.
The offering is an actively managed ETF sub-advised by Mellon Capital Management Corporation.
“We believe emerging market debt is an attractive asset class, based on the faster growth and typically higher yields available in these countries relative to the U.S. and developed world,” said Bruce Lavine, WisdomTree President & COO, in the news release. “ELD will offer full exposure to local currencies, a feature we consider important for many investors because of the potential lower correlations and currency appreciation against the U.S. dollar.”
More information about WisdomTree is at http://www.wisdomtree.com/.