Emerging Global Advisors Expands Beyond BRICs in ETF

Emerging Global Advisors is offering two new exchange-traded funds, including one that targets stocks in developing countries outside of Brazil, Russia, India and China.

The EGShares Beyond BRICs tracks an INDXX LLC index that invests in 50 stocks in 15 emerging-market countries including Chile, Malaysia, Mexico and Turkey, the New York-based company said in a statement. The EGShares Domestic Demand ETF will invest in consumer stocks in emerging markets.

To contact the reporter on this story: Ye Xie in New York at yxie6@bloomberg.net

To contact the editor responsible for this story: Tal Barak Harif at tbarak@bloomberg.net

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