Neuberger Emerging Markets Debt Hard Currency ETF (NEMD)

The Neuberger Emerging Markets Debt Hard Currency ETF (NEMD) is an actively managed bond fund from Neuberger, formerly known as Neuberger Berman. It invests mainly in debt issued by governments, government-related entities and corporations in emerging market countries.

The fund concentrates on hard-currency bonds, meaning securities denominated in major currencies such as the U.S. dollar rather than in local emerging market currencies. This reduces direct currency exposure while retaining sensitivity to emerging market credit risk and U.S. interest rates.

Neuberger's emerging markets debt team uses country and issuer research to select holdings across sovereign, quasi-sovereign and corporate credits.