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Market Vectors Completes Fund Conversion: EM Aggregate Bond ETF (EMAG) Now Live

By: ETFdb
Equity markets continue to oscillate this week as an upward bias mixed with uncertainty ahead of the highly anticipated FOMC meeting taking place next week has set the stage for range-bound trading. Amid the tug of war taking place on Wall Street between the bulls and bears, industry veteran Van Eck completed the conversion of the Market Vectors LatAm Aggregate Bond ETF (BONO) into the new Market Vectors Emerging Markets Aggregate Bond ETF (EMAG) on Tuesday, December 10, 2013. The conversion, which was announced in October of this year, effectively closed down BONO and launched EMAG while transferring over all assets under management into the new fund [see The Most Successful New ETFs of 2013] The issuer also reassured existing shareholders that they do not need to take any actions as their shares will be automatically converted from BONO to an equal amount of shares of EMAG. Under The Hood: EM Aggregate Bond [...] Click here to read the original article on ETFdb.com. Related Posts: PowerShares Launches EM Local Currency Sovereign Debt Portfolio (PFEM) How To Find The Best Emerging Market Bond ETF Emerging Markets Bonds ETF Cheat Sheet International Bond ETF Guide: All the Options For Ex-U.S. Fixed Income Exposure International Bond ETFs: Cruising Through All The Options Is it Time to Sell? With the market set to the end the year at all-time highs, it seems that many are eager to ring alarm bells. Before you start stuffing cash under your mattress, you should read Bernie Schaeffer's new 2014 Market Forecast - yours FREE. Discover two explosive stocks on the rise, which sector is primed to breakout, and the three crucial technical levels to watch. Download FREE today!
Equity markets continue to oscillate this week as an upward bias mixed with uncertainty ahead of the highly anticipated FOMC meeting taking place next week has set the stage for range-bound trading. Amid the tug of war taking place on Wall Street between the bulls and bears, industry veteran Van Eck completed the conversion of the Market Vectors LatAm Aggregate Bond ETF (BONO) into the new Market Vectors Emerging Markets Aggregate Bond ETF (EMAG) on Tuesday, December 10, 2013. The conversion, which was announced in October of this year, effectively closed down BONO and launched EMAG while transferring over all assets under management into the new fund [see The Most Successful New ETFs of 2013] The issuer also reassured existing shareholders that they do not need to take any actions as their shares will be automatically converted from BONO to an equal amount of shares of EMAG. Under The Hood: EM Aggregate Bond [...]

Click here to read the original article on ETFdb.com.

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Is it Time to Sell?

With the market set to the end the year at all-time highs, it seems that many are eager to ring alarm bells. Before you start stuffing cash under your mattress, you should read Bernie Schaeffer's new 2014 Market Forecast - yours FREE.

Discover two explosive stocks on the rise, which sector is primed to breakout, and the three crucial technical levels to watch.

Download FREE today!

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