"Our forward-looking Global Advantage approach aims to expose investors to the inflation-linked bonds and currencies of these faster-growing economies, potentially resulting in higher real yields than traditional investing using market-cap weighting," Worah added. The WisdomTree Emerging Markets Local Debt Fund (NYSEArca:ELD) comes in a close second, with $1.25 billion in assets. The launch of ILB will mark Pimco's latest attempt to breathe life into the world of active ETFs.