- Emerging Global Advisors changes name and ticker of EMDD to EMSO
- EMSO follows the S&P Emerging Markets Strategic Opportunities Index
- China and South Africa combine for about 46% of EMSO’s weigh while Mexico and India combine for 29.4 percent of the fund’s lineup
Emerging Global Advisors (EGA), the issuer of emerging markets exchange traded funds that traded under the EGShares name, announced that is has changed the name and ticker of the EGShares Emerging Markets Domestic Demand ETF (NYSEArca: EMDD) to the EGShares EM Strategic Opportunities ETF (NYSEArca: EMSO).
“The EGShares EM Strategic Opportunities ETF seeks to capture predominantly large and mid-cap companies across 12 emerging markets. Emerging markets represents nearly five times the estimated consumption growth of developed markets and areas of emerging market economies like the consumer, telecommunications, health care and utilities businesses stand to benefit from this growth. The fund does not invest in energy and commodities,” according to a statement issued by EGA.
EMSO follows the S&P Emerging Markets Strategic Opportunities Index, which “is a 50-stock free-float market capitalization-weighted index designed to measure the performance of companies in emerging markets that are tied to domestic demand,” according to EGShares.
China and South Africa combine for about 46% of EMSO’s weigh while Mexico and India combine for 29.4 percent of the fund’s lineup.
Telecommunications and consumer discretionary stocks combine for about 60% of EMSO’s sector weight. Consumer staples is the only other double-digit sector weight at almost 27%.
EMSO charges 0.65% per year, or $65 for each $10,000 invested.
EGShares EM Strategic Opportunities ETF