The bulls continue to reign supreme on Wall Street as earnings and data releases are helping to keep confidence levels afloat. Weekly jobless claims added fuel to the rally after coming in better-than-expected, but many investors couldn’t resist taking some profits off the table considering the stellar run-up; year-to-date, the S&P 500 Index has gained around 14% while the latest weekly employment report showed 323,000 people had filed for unemployment benefits versus the expected 335,000. Amid the euphoria, PowerShares expanded its product lineup with an intriguing emerging markets bond ETF aimed at investors looking to diversify away from the U.S. dollar [see also The Cheapest ETF For Every Investment Objective]. Fundamental Emerging Markets Local Debt Portfolio (PFEM) The new PowerShares ETF is linked to the Citi RAFI Bonds Sovereign Emerging Markets Extended Local Currency Index, which is a benchmark designed to measure the potential return of a portfolio of bonds issued by the national governments of 18 emerging [...] Click here to read the original article on ETFdb.com. Related Posts: How To Find The Best Emerging Market Bond ETF Emerging Markets Bonds ETF Cheat Sheet International Bond ETF Guide: All the Options For Ex-U.S. Fixed Income Exposure International Bond ETFs: Cruising Through All The Options Recapping Impressive Innovation In Bond ETF Space