As innovation and creativity continue to flood the exchange traded fund (ETF) world, Emerging Global Shares just announced the launch of their latest ETF.

The company’s newest ETF, the Dow Jones Emerging Markets Financial Titans Index Fund (NYSE Arca: EFN) will be the first ETF to provide sector-based exposure to the largest emerging markets companies in banking, insurance, real estate investing and financial services.

EFN seeks to track, before fees and expenses, the performance of the Dow Jones Emerging Markets Financial Titans 30 Index, which includes 30 of the largest emerging markets financial companies in banking, life insurance and non-life insurance and real estate.  The ETF will enable investors to grab exposure to 10 different companies investment and services and financial services.

As of Sept. 11, the top five countries represented were China (39.7%), Brazil (22.9%), India (13.2%), South Africa (9.3%), and Malaysia (4%).  What’s great is that Emerging Global Shares is no stranger to sector-based emerging market funds.  In fact, EFN will be the fourth ETF in the family of ETFs introduced by Emerging Global Advisors.

For more stories on emerging markets, visit our emerging market category.

Kevin Grewal contributed to this article.

Tags: Brazil, China, Emerging Markets, Global ETFs, Indexing, India, Malaysia, New ETFs, South Africa