EMFT is linked to the MSCI EM 50 Index, which is market cap weighted and holds the 50 largest stocks within the broader MSCI Emerging Markets Index. The fund’s annual expense ratio is 0.50%.
“Against a backdrop of a reduction in emerging market equity values in 2011, the asset class now offers a more attractive entry,” said James Ross, senior managing director and global head of SPDR Exchange Traded Funds at State Street Global Advisors, in a press release. “The launch of the SPDR MSCI EM 50 ETF enhances our emerging market SPDR ETF offering and provides investors with very precise access to a well-established index.”
ACIM follows the MSCI All Country World Investable Market Index, which captures up to 98% of the developed and emerging investable market universe. As of December 31, 2011, the Index was comprised of 8,920 publicly traded securities across 45 countries. ACIM has an annual expense ratio of 0.25 percent.