iShares has filed paperwork with the Securities and Exchange Commission to launch the iShares Latin America Bond Fund, which is benchmarked to the Barclays Latin America Bond Index.
The index measures the performance of U.S. dollar-denominated bond markets of corporate, sovereign and quasi-sovereign issuers domiciled in Latin America. As of April 30, the index’s five highest weighted countries were Brazil, Mexico, Venezuela, Colombia and Chile.
According to the filing, the fund will make its bets on a range of large-, mid- or small-capitalization companies. It will also bet on certain futures, options and swap contracts to mitigate its volatility.
James Mauro and Scott Radell are the portfolio managers of the fund. Its fees were not disclosed in the filing.