From the October 2011 issue of Research Magazine • Subscribe!

Emerging Global Builds Lineup

New York-based Emerging Global Advisors has introduced the EGShares Emerging Markets High Income/Low Beta ETF (HILO) and the EGShares India Consumer ETF (INCO).

INCO tracks the Indxx India Consumer Index, a free float market capitalization-weighted index that focuses on the performance of consumer companies in India.

According to the press release, INCO is the first of several India-focused sector funds that Emerging Global Advisors plans to launch this year.

“INCO is designed for investors who believe that India will experience significant consumer spending growth and want access to consumer companies that may be well-positioned to benefit from that growth,” said Robert C. Holderith, EGA’s founder and president.

The annual expense ratio for INCO is 0.89 percent.

HILO is linked to the INDXX Emerging Market High Income Low Beta Index, which contains 30 stocks from a universe of 2,500 companies from 21 countries. The index is designed to provide broad emerging markets exposure to higher income, lower beta stocks as compared to the MSCI Emerging Market Index.

“HILO seeks to enable dividend stock buyers who want less volatility than the broad emerging markets indices to get exposure that is more likely to fit their objectives.” said Holderith.

The annual expense ratio for HILO is 0.85 percent.

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