Emerging Markets Sector Composite ETF Launches

Emerging Global Advisors expanded its line-up of emerging markets sector Exchange-Traded Funds with the introduction of the Emerging Global Shares Dow Jones Emerging Markets Titans Composite Index Fund (EEG).

The new fund tracks the Dow Jones Emerging Markets Titans Composite 100 Index which includes the 10 top-ranked stocks from each of the 10 Dow Jones Emerging Markets Sector Titan Indexes – Basic Materials, Consumer Goods, Consumer Services, Financials, Healthcare, Industrials, Oil & Gas (energy), Technology, Utilities, and Telecommunications.

The top five countries represented in the Dow Jones index are China Offshore (20.94 percent); Brazil (20.02 percent); India (17.89 percent); Russia (15.95 percent); and Mexico (9.25 percent).

The top sectors include Oil & Gas (30.87 percent); Financials (21.87 percent); and Telecommunications(11.55 percent).

Top company holdings in the index are Gazprom (Russia/Oil & Gas); Industrial & Commercial Bank of China (China Offshore/Financials); America Movil (Mexico/Telecommunications); and Companhia Vale do Rio Doce (Brazil/Basic Materials).

The expense ratio for the new fund is 0.75 percent (75 basis points).