Emerging Global Starts Developing Market Exchange-Traded Fund

Emerging Global Advisors has started an exchange-traded fund that tracks Standard & Poor’s Emerging Markets Core Index.

The EGShares Emerging Markets Core ETF offers more country diversification than the benchmarks indexes provided by MSCI Inc. (MSCI) and FTSE Group, New York-based Emerging Global Advisors said in a statement.

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

To contact the editor responsible for this story: Emma O’Brien at eobrien6@bloomberg.net

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