EGShares launches “GEMS” suite of Etfs on Nyse Arca

First Emerging Markets sector solution set Funds Based on Dow Jones Emerging Markets Sector Titans Indexes.…

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The funds, branded as GEMS (Global Emerging Market Sectors), allow investors to pursue emerging markets sector exposures in a manner similar to what is possible in the US and other developed markets.  The funds are all based on the Dow Jones Emerging Market Sector Titans Indexes and are composed of leading emerging market companies in each of the 10 Industries defined by the Industry Classification Benchmark (ICB). 

“The GEMS launch makes it possible for investors to trade emerging markets sector funds, and we take great pride in being the first exchange to list these innovative products,” said Laura Morrison, Senior Vice President of Global Index and Exchange Traded Products Group US. “EGA’s decision to list on NYSE Euronext underscores the value of the consultative services, market structure and technology that our platform provides its issuers and the ETF marketplace.”

“We believe today’s introduction of the EGShares GEMS ETFs fills the market need for a comprehensive set of solutions to allow investors to pursue sector exposures across emerging market countries,” said Marten S. Hoekstra, EGA’s CEO.

The GEMS’ sector solution set is:

* AGEM, OGEM, and FGEM were previously marketed under the tickers EEG, EEO, and EFN

Source: ETFWorld – NYSE Arca

WMCR
Wilshire Micro-Cap ETF (based on the Wilshire US Micro-Cap Index)