The growing field of exchange traded funds focusing developing markets sans the BRIC quartet of Brazil, Russia, India and China could soon get another entrant.
The Global X Next Emerging & Frontier ETF appears to be close to launch as an updated prospectus indicates the fund will trade under the ticker “EMFM” and carry an annual expense ratio of 0.58%, according to the updated filing.
Assuming it does in fact come to market, EMFM will track the Solactive Next Emerging & Frontier Index. Update ETF filings that include tickers and expense ratios can be a sign that the fund is nearing a launch date.
As of July 31, 2013, the Underlying Index had 200 constituents from the following countries: Argentina, Bangladesh, Chile, Colombia, Czech Republic, Egypt, Gabon, Georgia, Hungary, Indonesia, Kazakhstan, Kenya, Kuwait, Laos, Malaysia, Mauritius, Mexico, Mongolia, Namibia, Nigeria, Oman, Pakistan, Panama, Papua New Guinea, Peru, Philippines, Poland, Qatar, Slovakia, South Africa, Tanzania, Thailand, Turkey, United Arab Emirates and Vietnam, according to the filing.