Emerging Global Advisors, the New York-based exchange traded funds issuer known for its all-emerging markets lineup, said three of its ETFs will begin tracking new indices today.
The EGShares Low Volatility Emerging Markets Dividend ETF (NYSEArca: HILO) is dropping the Indxx Low Volatility Emerging Markets Dividend Index in favor of the FTSE Emerging All Cap ex Taiwan Low Volatility Dividend Index. HILO’s new index is dividend-weighted.
The EGShares Brazil Infrastructure Index Fund (NYSEArca: BRXX) moves to the FTSE Brazil Infrastructure Extended Index from the Indxx Brazil Infrastructure Index.
The EGShares Emerging Markets Domestic Demand ETF (NYSEArca: EMDD) is dropping the INDXX Emerging Markets Domestic Demand Index in favor of the S&P Emerging Markets Domestic Demand Index, which was introduced last week. [S&P Dow Jones Indices Introduces New EM Index]
The S&P Emerging Markets Domestic Demand Index draws from a country universe of Brazil, Chile, China, Colombia, Czech Republic, Egypt, Hungary, India, Indonesia, Malaysia, Mexico, Morocco, Peru, Philippines, Poland, Russia, South Africa, Thailand, and Turkey.