Market Vectors launch EM Aggregate Bond ETF or actually it is a conversion of their old ETF (BONO).
The Market Vectors® Emerging Markets Aggregate Bond ETF (EMAG) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of Market Vectors EM Aggregate Bond Index (MVEMAG).
The Market Vectors EM Aggregate Bond Index tracks the performance of Emerging Markets sovereign bonds and corporate bonds denominated in USD, EUR or local Emerging Markets currencies.
To be included in the index bonds must be issued by an Emerging Markets sovereign or quasi-sovereign issuer or a corporate issuer whose primary country of risk is deemed to be an Emerging Market. Derived from MVEMAG are four sub-indices. The index is calculated as a Total Return Index and is rebalanced monthly.