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.

While not an explicit beyond BRICs ETF, the new Global X Next Emerging & Frontier ETF (NYSEArca: EMFM) also excludes the BRIC nations while focusing on smaller emerging markets and some up-and-coming frontier markets.

As of June 30, the MSCI Beyond BRIC Index offered exposure to Chile, Colombia, the Czech Republic, Egypt, Hungary, Indonesia, Malaysia, Mexico, Morocco, Peru, the Philippines, Poland, South Africa, South Korea, Taiwan, Thailand and Turkey.

Other well-known State Street emerging markets ETFs include the SPDR S&P China ETF (NYSEArca: GXC) and the SPDR S&P BRIC 40 ETF (NYSEArca: BIK).

ETF Trends editorial team contributed to this post.

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