VanEck Lowers Expense Ratio for VanEck Vectors J.P. Morgan EM Local Currency Bond ETF (EMLC)
VAN ECK VECTORS GENERIC DRUGS ETF (GNRX)
US:NASDAQ Investor Relations:
vaneck.com/etf/equity/gnrx/overview
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)-- VanEck announced today that it is lowering the expense ratio for its VanEck Vectors® J.P. Morgan EM Local Currency Bond ETF (NYSE Arca: EMLC®). Effective March 29, 2018, the expense cap for EMLC will be reduced from 0.44% to 0.42%1. EMLC seeks to track the J.P. Morgan GBI-EMG Core Index, which is comprised of bonds issued by emerging markets governments and denominated in the local currency of the issuer. VanEck regularly evaluates fund expenses to identify opportunities to lower shareholder costs. The reduction in EMLC’s expense cap allows investors to benefit from the economies of scale that have resulted from the significant asset growth in the fund over the past year. EMLC has attracted approximately $2.9 billion of inflows since February 2017 and, as of February 28, 2018, had over $5.9 billion in assets under management. “Emerging markets local currency bonds
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