Neuberger Berman Emerging Markets Debt Hard Currency ETF
NEMD
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- Neuberger Berman Emerging Markets Debt Hard Currency ETF (NEMD) is an actively managed exchange-traded fund that seeks high total return consisting of income and capital appreciation by investing primarily in hard currency-denominated debt securities issued by emerging market governments and, opportunistically, corporates; the fund employs a bottom-up and top-down investment approach with targeted use of derivatives and moderate portfolio turnover, leveraging proprietary research coverage of over 90 emerging markets countries and 500 corporate issuers. NEMD lists on NYSE Arca under ticker NEMD with CUSIP 64135A788, a net expense ratio of 0.60%, and approximately $104 million in assets under management as of recent data. The ETF targets investors seeking yield and diversification in the emerging markets hard currency debt universe, focusing on securities denominated in globally traded currencies of industrialized countries such as the U.S. dollar, euro, or G-7 nation currencies. In a major strategic shift, NEMD converted from the Neuberger Berman Emerging Markets Debt Fund, an open-end mutual fund operational since September 27, 2013, acquiring its assets and liabilities as of August 8, 2025, and commencing ETF trading on August 11, 2025, with approximately $102 million in initial assets. Neuberger Berman, the ETF's investment manager, is a private, independent, employee-owned firm founded in 1939 and headquartered in New York; the firm manages over $538 billion across equities, fixed income, private equity, real estate, and hedge funds for global institutions, advisors, and individuals, with approximately 2,800 employees across 26 countries.