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New ETF offers exposure to emerging markets excluding China

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Emerging Global Advisors (EGA) has launched the EGShares EM Core ex-China exchange-traded fund (ETF).

The new fund (XCEM) provides broad exposure to emerging markets excluding China and Hong Kong, allowing investors to preserve or supplement emerging market portfolios without increasing their exposure to China.
 
“In today’s market environment, some investors have noted that China comprises a significant portion of broad-based emerging market benchmarks. That portion is growing as index funds in the category plan to increase their allocations to China through A-shares,” says EGA President and Founder Robert C Holderith (pictured). “We launched XCEM to deliver core emerging market exposure independently of China, giving investors an option to refine their portfolios in light of other China holdings or market developments.”
 
XCEM tracks the EGAI Emerging Markets ex-China Index. The index is free-floating, market cap-weighted and ranked in line with broad-based, market cap-weighted conventional indices. It provides exposure to 20 countries, including South Korea, Taiwan, Brazil, India and South Africa.
 
“The XCEM fund is a strong fit for investors who are looking to be more conservative in their approach to China without sacrificing opportunities in other emerging markets,” says EGA Managing Director Jay McAndrew. “It also addresses the needs of investors who have a point of view on China and are looking for greater control over the size and style of their exposure to this market.”
 

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