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
. 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.
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
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:
) and the EGShares Emerging Markets Domestic Demand ETF (NYSE:
debuted in August
For more on EGShares ETFs, click
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