What is notable here in terms of portfolio composition when compared to broader EM proxies, is the relative underweighting to China (5.90% of the portfolio) where China is the top single country weighting in the MSCI EM Index at 18.67%.
ECON holds thirty individual equities and now averages nearly 300,000 shares traded on an average daily basis.
The portfolio has a mega/large cap slant, with names such as Ambev, Naspers Ltd, Fomento Economico Mexicano SAB de CV, and Wal-Mart de Mexico making up the top weightings in the underlying index.
ECON is now the third largest ETF in terms of assets under management in the broader Consumer Staples Equity category, and other ETFs with an international focus here that should be compared to ECON include KXI (iShares S&P Global Consumer Staples, Expense Ratio 0.48%), IPS (SPDR S&P International Consumer Staples, Expense Ratio 0.50%), BRAQ (Global X Brazil Consumer, Expense Ratio 0.77%), AXSL (iShares MSCI ACWI ex-U.S. Consumer Staples Sector, Expense Ratio 0.48%), and GGEM (EGShares Consumer Goods GEMS, Expense Ratio 0.85%).
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