Emerging Markets Consumer ETF Surpasses $100M In AUM

EGShares announced that its newly minted Emerging Global Shares Emerging Markets Consumer Titans Index Fund

, a 30-stock ETF focused on emerging markets consumers, has surpassed $100 million in assets under management. That's an impressive haul considering the ETF has been trading for just about 10 weeks. EGShares has $340 million in assets under managements across its emerging markets ETF lineup, the company said in a statement. ECON tracks the Dow Jones Emerging Markets Consumer Titans 30 Index and its top-five country weights are Mexico (20.4%), Brazil (16.5%), India (16.4%), South Africa (14.9%), and China (9.4%). The top-five industry weights are automobiles & parts (16.6%), beverages (14.8%), media (12.4%), travel & leisure (12.2%), and food makers (12.0%). ECON has an expense ratio 0.85%.