ETF Investors Shouldn't Cry for Venezuela's Bonds
No need to panic over default news.
This article was published in the October issue of Morningstar ETFInvestor. Download a complimentary copy of Morningstar ETFInvestor by visiting the website.
Almost every hard-currency emerging-markets debt exchange-traded fund owns Venezuelan bonds, but investors in those ETFs shouldn't be overly concerned regarding the dire situation in that country.
Phillip Yoo does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.