VanEck Lowers Expense Ratio for VanEck Vectors J.P. Morgan EM Local Currency Bond ETF (EMLC)
VanEck is lowering the expense ratio for its VanEck Vectors® J.P. Morgan EM Local Currency Bond ETF (NYSE Arca: EMLC®), (the “Fund”), it was announced today. As of April 26, 2017, the expense cap for EMLC will be reduced from 0.47% to 0.44%1. The Fund seeks to track the J.P. Morgan GBI-EM Global Core Index, which is comprised of bonds issued by emerging markets governments and denominated in the local currency of the issuer.