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Tuesday, November 10, 2009|
An NJ Fund Co Designs Seven Foreign ETFs
EGA Emerging Global Shares Trust filed for SEC approval of seven new ETFs last Friday. The funds will target Brazilian, Chinese and Indian economies, and will be advised by ALPS Advisors and then sub-advised by Emerging Global Advisors.
A spokesperson for EGA was not immediately available for comment
Index Universe first reported on the new funds.
The Emerging Global Shares INDXX India Infrastructure Index Fund, INDXX China Infrastructure Index Fund, INDXX Brazil Infrastructure Index Fund, INDXX India Mid Cap Index Fund, INDXX China Mid Cap Index Fund, INDXX Brazil Mid Cap Index Fund, and the INDXX Growing Asia Large Cap Index Fund will in invest in securities as well as ADRs and GDRs of various companies to replicate BRIC indices.
All the funds come with an expense of 85 basis points.
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