Name Change: EGShares Renames High Income/Low Beta EM ETF

Emerging Global Advisors, the ETF issuer focused exclusively on emerging markets funds, announced today it has renamed its new EGShares High Income/Low Beta ETF the EGShares Low Volatility Emerging Markets Dividend ETF. The ticker for the NYSE-traded fund will remain “HILO.” The EGShares Low Volatility Emerging Markets Dividend ETF

made its debut in early August as a high income/low volatility play on the MSCI Emerging Markets Index. With an expense ratio of 0.85%, HILO is home to 30 stocks with telecom (27.4%) and utilities (12.9%) the dominant sector weights. "HILO is the first emerging markets equity ETF based on an index whose design addresses both dividend yield and volatility," said Robert C. Holderith, EGA's founder and president. "We renamed the fund EGShares Low Volatility Emerging Markets Dividend ETF to address the conversation most pertinent to investors." The ETF has a current yield of 6.79%, according to a statement issued by EGShares. The firm had 19 ETFs with $477 million in assets under management at the end of September, according to data from the National Stock Exchange.