LatAm bond fund getting makeover

|By:, SA News Editor

On or about December 10, the Market Vectors  LatAm Aggregate Bond ETF (BONO) will be renamed the Emerging Markets Aggregate Bond ETF, with new symbol EMAG.

As the name change suggests, the fund will have a new investment objective: Along with Latin American debt, the fund will hold Asian, Eastern European, and African paper as well.

EMAG is expected to have a net expense ratio of 0.49%, the same as BONO.