Emerging Global Advisors, the New York-based ETF sponsor known for its lineup comprised entirely of emerging markets funds, will introduce the EGShares Emerging Markets CORE ETF on Tuesday October 16. The new fund will trade on the New York Stock Exchange under the ticker "EMCR," according to a statement from the exchange.
EMCR will track the S&P Dow Jones Emerging Markets Core Index and feature an annual expense ratio of 0.7 percent, according to a Securities and Exchange Commission filing. The Emerging Markets Core Underlying Index is an equally weighted stock market index comprised of 116 leading companies that S&P Dow Jones Indexes determines to be representative of all industries in emerging market countries, according to the filing. Companies must have a market capitalization of at least $1 billion to be included in the index.
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Countries that Dow Jones classifies as emerging markets include Brazil, Chile, China, Columbia, Czech Republic, Egypt, Hungary, India, Indonesia, Malaysia, Mexico, Morocco, Peru, the Philippines, Poland, Russia, South Africa, Thailand and Turkey.
The filing also showed details for other new funds EGShares may list including the EGShares Emerging Markets Core Dividend ETF. That fund would track the S&P Dow Jones Emerging Markets Core Dividend Index and charge 0.7 percent per year. The firm may also list the EGShares Emerging Markets Core Balanced ETF, which would be benchmarked to the S&P Dow Jones Emerging Markets Core Balanced Index and charge 0.72 percent per year.
Those funds will trade under the tickers "CRDV" and "CRBL," respectively. EGShares has introduced two ETFs to this point in 2012. The EGShares Beyond BRICs ETF (NYSE:BBRC) and the EGShares Emerging Markets Domestic Demand ETF (NYSE:EMDD) debuted in August.
For more on EGShares ETFs, click here.
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