New ETFs: Emerging Market Debt, Smartphones


The exchange traded fund ( ETF ) options for investing in emerging market debt just grew by one, with the addition of a new fund from WisdomTree .

WisdomTree Emerging Markets Local Debt Fund (NYSEArca: ETFs for Emerging Market Debt.]

There are several differences between ELD and  Market Vectors Emerging Markets Local Currency Bond ETF (NYSEArca: explains Olivier Ludwig for Index Universe. ELD is actively managed and it's slightly more expensive (EMLC's expense ratio is 0.49%).

Finance PhD reports for Financial Advisor that First Trust has detailed plans to bring an ETF to market targeting Smartphone-related companies (with the clever ticker of FONE). First Trust defines a " smartphone " as a wireless mobile communication device offering advanced capabilities and functionalities, including Web access, through the use of an identifiable operating system. While you wait for a smartphone ETF, there are plenty of ways to get exposure to this sector through existing ETFs .

For more stories about new ETFs, visit our new ETFs category .

Tisha Guerrero contributed to this category.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

This article appears in: Investing , ETFs

Referenced Stocks: ETF

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