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Emerging Global Advisors expands line-up of EM sector funds

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Emerging Global Advisors has expanded its line-up of emerging markets sector exchange-traded funds with the introduction of the Emerging Global Shares Dow Jones Emerging Markets Titans

Emerging Global Advisors has expanded its line-up of emerging markets sector exchange-traded funds with the introduction of the Emerging Global Shares Dow Jones Emerging Markets Titans Composite Index Fund.

The new ETF seeks to track, before fees and expenses, the performance of the Dow Jones Emerging Markets Titans Composite 100 Index.

The Dow Jones Index is made up of the ten top-ranked stocks from each of the ten Dow Jones Emerging Markets Sector Titan Indexes – basic materials, consumer goods, consumer services, financials, healthcare, industrials, oil and gas (energy), technology, utilities, and telecommunications.

Fifteen emerging markets countries are represented in the index, ranging from China Offshore and Brazil to Egypt and Slovenia.

The fund invests only in emerging markets countries, giving investors a pure play on stocks in those economies.

‘Through EEG, investors will be able to gain broad-based exposure to industry leaders in key sectors across multiple emerging markets countries,’ says Robert Holderith (pictured), chief executive officer at Emerging Global Advisors. ‘We believe it provides a highly efficient vehicle for building a position in many of the world’s fastest-growing industries and economies.’

The top five countries represented in the Dow Jones index are China Offshore (20.94 per cent); Brazil (20.02 per cent); India (17.89 per cent); Russia (15.95 per cent); and Mexico (9.25 per cent).

The top sectors include oil and gas (30.87 per cent); financials (21.87 per cent); and telecommunications (11.55 per cent).

Among the top company holdings in the index are Gazprom (Russia/oil and gas); Industrial & Commercial Bank of China (China Offshore/financials); America Movil (Mexico/telecommunications); and Companhia Vale do Rio Doce (Brazil/basic materials).

The expense ratio for the new fund is 0.75 per cent (75 basis points).

The fund is the third sector-based ETF to be introduced by Emerging Global, following the Emerging Global Shares Dow Jones Emerging Markets Energy Fund and the Emerging Global Shares Dow Jones Emerging Markets Metals & Mining Titans Index Fund.

Emerging Global plans to introduce a total of ten sector-based emerging markets ETFs based on the modified market cap Dow Jones indexes, as well as products built on a basic resources index, and additional composites of multiple indexes.

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