Van Eck Global is seeking to launch China-focused bond exchange-traded fund (ETF), Index Universe reports. The Market Vectors Yuan Bond ETF will use a range of qualitative and quantitative factors designed to identify securities that are desirable on a relative value basis. The new product will be based on the Dim Sum Bond Index, a proprietary benchmark developed by the money management firm. The vehicle will target Chinese yuan-denominated debt obligations issued outside of mainland China by Chinese or non-Chinese issuers.
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