New ETFs: Natural Resources, Emerging Market Consumers

By (Tom Lydon),

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The exchange traded fund ( ETF ) industry has added two new funds to the ever-growing fold. State Street is taking on natural resources, while Emerging Global Shares offers exposure to an increasingly powerful consumer base in emerging markets.

The latest ETF from State Street is the SPDR S&P Global Natural Resources ETF (NYSEArca: GNR), which will charge about 40% annually and includes about 90 of the largest natural resources and commodities businesses, reports ETF Guide .

The top countries in the fund are the United States (29.5%), Canada (12.8%), United Kingdom (10.6%) and Australia (8.3%)

GNR will compete with other natural resources ETFs such as the iShares North American Natural Resources Index Fund (NYSEArca: HAP) .

Also, Emerging Global Shares has introduced the the Emerging Global Shares Emerging Markets Consumer Titans (NYSEArca: ECON). The timing of this fund is auspicious. While consumer spending has been weak in developed countries, emerging market consumers are increasingly flexing their newfound spending muscle.

The largest countries in the fund are Mexico (19.9%), India (16.6%), Brazil (16.1%) and South Africa (14%).

Tisha Guerrero contributed to this article.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing ETFs
Referenced Stocks: ETF

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