Market Overview

Emerging Global Files Plans For 5 New EM ETFs


Emerging Global Advisors, the ETF sponsor known for its suite of all emerging markets funds, has filed plans with the Securities and Exchange Commission (SEC) to possibly introduce five new ETFs, several of which would be first-to-market funds.

The firm filed plans for the EGShares India Consumer Goods ETF, which will track the INDXX India Consumer Goods Index with an expense ratio of 0.89%. Emerging Global already sponsors three India-specific ETFs and has filed plans for several more India-focused funds. The index is home to companies involved in beverages; food products; household goods; leisure goods; personal goods; food and drug retail; general retail; and tobacco. No ticker was disclosed in the filing.

Emerging Global also filed plans for the EGShares Turkey Small Cap ETF and the EGShares South Africa Small Cap ETF. While the iShares Turkey Investable Market ETF (NYSE: TUR) and the iShares MSCI South Africa ETF (NYSE: EZA) have proven popular with investors, there are currently no small-cap ETFs devoted exclusively to South Africa and Turkey.

Both of those ETFs will have expense ratios of 0.85% and track stocks with market values of $100 million to $2 billion. No tickers were included in the filings.

The firm also filed plans for the EGShares Beyond BRICs Emerging Asia Consumer ETF, which would track Indonesian, Malaysian, Thai and Philippine consumer companies. Emerging Global already sponsors the popular EGShares Emerging Markets Consumer ETF (NYSE: ECON).

The Beyond BRIC fund will have an expense ratio of 0.85%. No ticker was included in the filing.

The fifth fund Emerging Global filed plans for is the EGShares Low Volatility China Dividend ETF, which will track the INDXX  Low Volatility China Dividend Index. That ETF will also have an expense ratio of 0.85%. The filing didn't include a ticker for that fund, either.

At the end of November, Emerging Global had 19 ETFs with a combined $492 million in assets under management, according to data from the National Stock Exchange.

Posted-In: News Sector ETFs Dividends Specialty ETFs New ETFs Emerging Market ETFs Intraday Update Markets


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