Virtus Asset Management has just announced the launch of the Virtus Stone Harbor Emerging Markets High Yield Bond ETF (SHHYX). SHHYX will be sub-advised by the Virtus Fixed Income Advisors and the Stone Harbor Investment Partners. The fund looks to invest more than 80% of their assets into high yield bonds from emerging markets or be a part of the JP Morgan Emerging Market Bond Index.
Virtus Announces Launch Of Emerging Markets Bond ETF
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ETF Newz Says:
The emerging markets must be considered “low income economies” by the World Bank Group to be eligible for the fund.