Emerging Global Advisors, the New York-based money management
firm focused solely on sponsoring
strategies targeting the developing world, filed regulatory
paperwork detailing eight new funds, with most of them focused on
specific aspects of
Half of the proposed strategies address income-generating needs
of investment portfolios, three are sector-focused, and one is
focused on consumer-related companies in Asia, according to the
prospectus, which was filed with the Securities and Exchange
Commission on May 1, 2013.
The proposed funds, none of which yet have tickers or annual
expense ratios, are as follows:
- EGShares EM Bond Investment Grade Short Term ETF
- EGShares EM Bond Investment Grade Intermediate Term ETF
- EGShares EM Bond Investment Grade Long Term ETF
- EGShares EM Dividend High Income ETF
- EGShares EM Strategic Sector Allocation ETF
- EGShares EM Tactical Sector Allocation ETF
- EGShares EM Asia Consumer ETF
- EGShares EM Equal Weight Sector ETF
Most of the funds are in tune with a newer approach at emerging
global that features a particular focus on all emerging markets, as
opposed to a targeting of specific countries. Additionally, the
four income-focused funds speak to a current concern in the world
of investments that the post-crash era of "financial repression"
created by central banks around the world has made finding decent
yield quite difficult.
About 70 percent of Emerging Global's $1.36 billion in total
assets under management are in one fund, the EGShares Emerging
Markets Consumer ETF (NYSEArca:ECON). The fund's assets are now at
about $1 billion, according to data compiled by IndexUniverse.
The proposed EGShares EM Asia Consumer ETF thus looms as a
likely attempt by the firm to replicate the Midas touch of ECON in
rapidy expanding countries in and around China.
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