AZIA tries to reflect the performance of the Solactive Central Asia & Mongolia Index, which tracks companies domiciled in, principally traded in or whose revenues are primarily from Mongolia, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan. The ETF has a 0.69% expense ratio.
Sector allocations include basic materials 43.6%, energy 37.2%, financials 9.5% and telecom services 9.7%.
Country allocations include Kazakhstan 46.1%, Russia 14.0%, Mongolia 14.0%, Turkmenistan 5.9%, Canada 4.8%, U.K. 4.8%, Sweden 4.8%, Kyrgyz Republic 4.8% and Tajikistan 1.1%.
The central Asia region is rich with natural resources, with countries exporting oil, copper, gold, silver, coal, uranium and cotton, according to a separate Global X report. Particularly, trade growth between central Asia and China has been expanding, and China has been increasing infrastructure spending to link the area.
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Max Chen contributed to this article.