First ETF to track emerging markets excluding BRIC countries…
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A new exchange-listed equity index fund issued by SPDR (State Street Global Advisors) has been tradable in the XTF segment on Xetra® since Thursday.
ETF name: SPDR MSCI EM Beyond BRIC UCITS ETF
Asset class: equity index ETF
ISIN: IE00BCBJFC69
Total expense ratio: 0.65 percent
Distribution policy: non-distributing
Benchmark: MSCI EM Beyond BRIC Index
The new SPDR equity index ETF enables investors to participate for the first time in the performance of stock corporations from emerging market countries excluding the BRIC countries, Brazil, Russia, India and China. The BRIC countries are represented with over 40 percent in the MSCI Emerging Markets Index.
The MSCI EM Beyond BRIC Index comprises smaller emerging market countries with great growth potential. There are a total of 17 countries in the index, including Taiwan, South Africa and Korea. Maximum index weighting for each country is 15 percent.
The product offering in Deutsche Börse’s XTF segment currently comprises a total of 1,036 exchange-listed index funds, making it the largest offering of all European stock exchanges. This selection, together with an average monthly trading volume of €10 billion, makes Xetra Europe’s leading trading venue for ETFs.
Source: ETFWorld – Deutsche Boerse
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