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Frontier market exposure added to EGShares Beyond BRICs ETF


Emerging Global Advisors (EGA), the asset manager to the EGShares exchange-traded fund offering, has completed the transition of the EGShares Beyond BRICs ETF (BBRC) to track the FTSE Beyond BRICs Index.

BBRC, which launched in August 2012, previously tracked the Indxx Beyond BRICs Index.
The FTSE Beyond BRICs Index generally has 75 per cent exposure to companies in more developed emerging markets (excluding Brazil, Russia, India, China, South Korea and Taiwan) and 25 per cent exposure to companies in frontier markets, which are less developed. While the index is free-float market capitalisation-weighted, it addresses potential concentration issues by including diversification parameters such as position and country caps, as well by liquidity-ranking the frontier markets company exposure.
"BBRC seeks to provide investors with an integrated developing market core holding that shifts toward the less mature emerging and frontier markets and away from where much growth has already taken place," says Marten Hoekstra, chief executive of EGA. "Beyond BRIC economies offer greater portfolio diversification to BRIC-heavy portfolios and, in our view, represent the next wave of growth in developing market investing."

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