The ETF landscape continues to grow and change, and this time, it’s Neuberger Berman adding to the space. The asset manager has launched the Neuberger Berman Emerging Markets Debt Hard Currency ETF (NEMB), adding to its approximately 13-strong ETF list. The strategy boosts the company’s relatively smaller fixed income ETF suite.
Per its prospectus, NEMB’s emerging markets debt ETF approach charges a 60 basis point fee for its approach. The strategy looks for high total return levels via income and capital appreciation. Its strategy entails investing at least 80% of its net assets in debt and other emerging markets-issued debt, denominated in hard currencies. Specifically, those investable options include debt from both issuers in emerging markets and those that receive a majority of revenue from emerging markets. The ETF also applies derivatives where needed for the strategy’s debt focus, as well.
NEMB considers hard currencies to include globally-traded currencies from industrialized nations. That includes the U.S. dollar, the Euro, and currencies from the G-7. It may invest in opportunities from sovereign, supranational, and corporate issuers. That includes debt of any maturity, duration, or credit rating. In addition, it considers bonds, notes, convertible securities, loans and related assignments, money market instruments, and more.
