Van Eck, the parent company of ETF sponsor Market Vectors, has filed plans with the Securities and Exchange Commission to possibly introduce four for new ETFs based on MSCI indexes that focus on fundamental, or “quality” factors.
Market Vectors could introduce the following ETFs, according to the filing: The Market Vectors MSCI Emerging Markets Quality ETF, Market Vectors MSCI Emerging markets Quality Dividend ETF, Market Vectors MSCI International Quality ETF and the Market Vectors International Quality Dividend ETF. The filing did not include tickers or expense ratios for the four funds, indicating a launch date is not imminent.
The Market Vectors Emerging Markets Quality ETF will track an index that is based on the MSCI Emerging Markets Index, which is the same underlying index for the iShares MSCI Emerging Markets Index Fund (NYSEArca: EEM). Constituent countries in that index include Brazil, China, India, South Korea and Taiwan, among others.
The Market Vectors Emerging Markets Quality Dividend ETF will track the MSCI Emerging Markets HDY Index, a market cap-weighted index that includes both large- and mid-cap emerging markets equities. Emerging markets ETFs focused on dividends have grown in popularity in recent years. The WisdomTree Emerging Markets Equity Income Fund (NYSEArca: DEM) has almost $4.9 billion in assets while the SPDR S&P Emerging Markets Dividend ETF (NYSEArca: EDIV) has nearly $487 million. [Emerging Markets ETFs With a Dividend Focus]