Emerging Global Advisors launched two equity emerging markets ETFs with a unique slant.
The EGShares Beyond BRICs ETF (BBRC) provides broad exposure to the less mature emerging market countries excluding the BRIC nations (Brazil, Russia, India and China, as well as the developed nations of Taiwan and South Korea).
The EGShares Emerging Markets Domestic Demand ETF (EMDD) focuses on five industry sectors that Emerging Global Advisors believes may be most influenced by organic growth within emerging market economies. EMDD offers exposures to consumer staples, consumer discretionary, telecom, utilities and health care companies.
“EGShares BBRC and EMDD ETFs represent alternatives to those broad benchmarks which typically reflect the most mature countries and sectors in emerging markets,” said Marten Hoekstra, CEO of Emerging Global Advisors. “BBRC and EMDD are components of what we believe is a modernized EM core portfolio and are the latest outcome of our mission to provide investors with the tools they need to get the exposures they want in emerging markets.”