The EGShares Beyond BRICs ETF (NYSEArca: BBRC) will also get a new index, Index Universe reported. BBRC will drop the Indxx Beyond BRICs Index in favor of the FTSE Beyond BRICs Index, another sign of FTSE’s growing reach in North American ETFs. Earlier this month, the index provider said there are now more than 100 ETFs listed in North America that are tied to its benchmarks. [FTSE Hits Century Mark for North American ETFs]
The FTSE Beyond BRICs Index will allow BBRC to expand its lineup to as many as 75 stocks from 50 along with allowing for the inclusion of frontier markets. South Africa, Mexico, Malaysia, Thailand and Indonesia are BBRC’s top-five country exposures. That group represents about 81% of the fund’s weight. Year-to-date, BBRC has fallen 14.9%.
Guggenheim BRIC ETF
ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of DEM and EEB.