4/22/13: Looking into the future beyond the Fed’s easing policy, Barron’s considers ways to hedge against rising inflation. Eric Fine advises bond investors to “own inflation-linked securities in countries with a relatively high degree of rule of law” and to “have currency exposure in countries that will defend against inflation.”View article >>
4/12/13: Van Eck’s Eric Fine writes for Institutional Investor about what investors can learn from the ways certain emerging markets have successfully dealt with financial crises. Foreign central banks, he attests, are “buying the bonds of countries that share their policy frameworks” for reserve assets. View article >>
4/01/13: Bloomberg Businessweek shines a light on the terms of the Argentine government’s proposal to pay defaulted debtholders and consults Eric Fine. “The Argentines made no compromises,” he says. “[They are] playing for either delay or confrontation, neither of which is positive.”View article >>
3/01/13: Weighing the risks and rewards of investing in local-currency emerging-markets debt vs. hard currency debt, The WSJ consults Eric Fine. “Currencies will depreciate against currencies of countries with independent, well-managed [central] banks,” Fine says in reference to the U.S., the U.K. and Japan. View article >>
3/01/13: ETF Daily News highlights Van Eck’s actively managed EMBAX, which is overseen by lead Portfolio Manager Eric Fine. The article also emphasizes Van Eck’s overall growth in emerging markets, much of which is “attributable to its Market Vectors ETFs that are focused on emerging markets debt. This includes the Emerging Markets Local Currency Bond ETF (EMLC; $1.5 billion) and Emerging Markets High Yield Bond ETF (HYEM; $43 million).”View article >>
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These are not recommendations to buy or sell any security. Sectors and holdings may vary.
Composite Rating is an evenly weighted blend of a security’s Moody’s, S&P, Fitch, and DBRS ratings. Not Rated indicates that a security is rated by fewer than two of the four rating agencies. This composite is not intended to be a credit opinion.
All indices listed are unmanaged and are not securities in which investments can be made.
Important Disclosure
Unless otherwise stated, portfolio facts and statistics are shown for Class A shares; other classes may have different characteristics.
†NAV: Unless you are eligible for a waiver, the public offering price you pay when you buy Class A shares of the Fund is the Net Asset Value (NAV) of the shares plus an initial sales charge. The initial sales charge varies depending upon the size of your purchase. No sales charge is imposed where Class A or Class C shares are issued to you pursuant to the automatic investment of income dividends or capital gains distribution. It is the responsibility of the financial intermediary to ensure that the investor obtains the proper “breakpoint” discount. Class C, Class I and Class Y do not have an initial sales charge; however, Class C does charge a contingent deferred redemption charge. See the prospectus and summary prospectus for more information.
1Expenses are calculated for the 12-month period ending 05/01/14: Class A: Gross 1.67% and Net 1.25%; Class C: Gross 2.81% and Net 1.95%; Class I: Gross 1.03% and Net 0.95%; Class Y: Gross 1.74% and Net 1.00%. Expenses are capped contractually until 05/01/14 at 1.25% for Class A, 1.95% for Class C, 0.95% for Class I and 1.00% for Class Y. Caps exclude certain expenses, such as interest.
2The J.P. Morgan Government Bond Index-Emerging Markets Global Diversified (GBI-EM) tracks local currency bonds issued by Emerging Markets governments. The index spans over 15 countries. The J.P. Morgan Emerging Markets Bond Index Global Diversified (EMBI) tracks returns for actively traded external debt instruments in emerging markets, and is also J.P. Morgan’s most liquid U.S-dollar emerging markets debt benchmark.
The views and opinions expressed are those of Van Eck Global. Fund manager commentaries are general in nature and should not be construed as investment advice. Opinions are subject to change with market conditions. Any discussion of specific securities mentioned in the commentaries is neither an offer to sell nor a solicitation to buy these securities. Fund holdings will vary.
You can lose money by investing in the Fund. Any investment in the Fund should be part of an overall investment program, not a complete program. The Fund is subject to risks associated with its investments in emerging markets securities. Investing in foreign denominated and/or domiciled securities may involve heightened risk due to currency fluctuations, and economic and political risks, which may be enhanced in emerging markets. As the Fund may invest in securities denominated in foreign currencies and some of the income received by the Fund will be in foreign currencies, changes in currency exchange rates may negatively impact the Fund’s return. Derivatives may involve certain costs and risks such as liquidity, interest rate, market, credit, management and the risk that a position could not be closed when most advantageous. The Fund may also be subject to credit risk, interest rate risk, sovereign debt risk, tax risk, non-diversification risk and risks associated with non-investment grade securities. Please see the prospectus and summary prospectus for information on these and other risk considerations.
Investing involves risk, including possible loss of principal. An investor should consider investment objectives, risks, charges and expenses of the investment company carefully before investing. Bond and bond funds will decrease in value as interest rates rise. The prospectus and summary prospectus contain this and other information. Please read them carefully before investing.
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© 2012 Van Eck Securities Corporation. All rights reserved.
© 2013 Van Eck Securities Corporation. All rights reserved.