New Beyond BRICs ETF Debuts Thursday

State Street’s (NYSE: STT) State Street Global Advisors unit, the second-largest U.S. provider of exchange traded funds, will introduce the SPDR MSCI EM Beyond BRIC ETF (NYSEArca: EMBB) on Thursday Dec. 5.

The new ETF will invest in developing-market stocks in Chile, Columbia, the Czech Republic, Indonesia, South Africa and Turkey, among others. Boston-based State Street filed plans for EMBB earlier this year. [State Street Could List Beyond BRICs ETF]

“Beyond BRIC” investing is a growing theme for new emerging markets ETFs. The BRIC nations – Brazil, Russia, India and China – typically account for significant percentages popular diversified emerging markets ETFs.

EMBB will compete with the EGShares Beyond BRICs ETF (NYSEArca: BBRC), which is heavily allocated to Malaysia, Mexico and South Africa.