The EGShares Beyond BRICs ETF (NYSEArca: BBRC) will save investors some extra cash with a new, lower expense ratio of 0.58% per year, down from 0.85%.

BBRC debuted last August as one of the first ETFs to explicitly focus on the beyond BRIC concept of excluding Brazil, Russia, India and China from the roster of a diversified emerging markets ETF. The beyond BRIC has gained some momentum since then as other issuers have filed plans for rival funds. [State Street Could List Beyond BRICs ETF]

BBRC’s lower expense ratio comes in advance of the ETF’s transition to the FTSE Beyond BRICs Index from the Indxx Beyond BRICs Index, which will take place later this month. 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. [EGShares Could Self Index Its ETFs]

News of BBRC’s expense ratio reduction was originally reported by Index Universe last week. BBRC has jumped 8.2% in the past month.