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EGA marks fifth anniversary of ECON Emerging Markets Consumer ETF


Emerging Global Advisors (EGA), the investment advisor to the EGShares suite of exchange-traded funds, rang the bell at the New York Stock Exchange on Monday to commemorate the fifth anniversary of the launch of its EGShares Emerging Markets Consumer exchange-traded fund (ETF) (ECON).

ECON is the first, largest and most liquid global emerging market (EM) consumer ETF, offering exposure to some of the largest consumer goods and consumer services companies domiciled in developing markets. These companies derive most of their revenues from EM sales, providing targeted access to the EM consumer theme.
"We launched ECON in 2010 based on the conviction that demographic trends in the developing world reflect long-term growth potential unlike that of any other asset class," says EGA CEO Marten Hoekstra (pictured). "Five years later, we are proud to report that since its inception, ECON is the top performing diversified emerging market ETF according to Morningstar and has outperformed the MSCI EM Index 78 percent of the time on a rolling 12-month basis." This consistent performance has contributed to ECON earning a five-star Overall Morningstar Rating among 561 Diversified Emerging Market ETFs and open-end funds as of 30 September, 2015 based on risk-adjusted returns.
According to the World Bank, the emerging market middle class is expected to increase from 4 percent of global population in 2000 to 15 percent in 2030. With that, the OECD estimates that global spending is projected to grow from USD21 trillion in 2009, to USD35 trillion by 2020, and USD56 trillion by 2030.
"The emerging market middle class is becoming a much more significant economic force, with the potential to be the dominant driver of global consumption growth over the next two decades," says Edward Kerschner, Vice Chairman, EGA. "ECON seeks to capitalise on that thematic growth and has enhanced diversification in investor portfolios."

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