EGShares to Swap Indices on Three ETFs

ETF Trends

Emerging Global Advisors, the New York-based exchange traded funds issuer known for its all-emerging markets lineup, said three of its ETFs will begin tracking new indices today.

The EGShares Low Volatility Emerging Markets Dividend ETF (HILO) is dropping the Indxx Low Volatility Emerging Markets Dividend Index in favor of the FTSE Emerging All Cap ex Taiwan Low Volatility Dividend Index. HILO’s new index is dividend-weighted.

The EGShares Brazil Infrastructure Index Fund (BRXX) moves to the FTSE Brazil Infrastructure Extended Index from the Indxx Brazil Infrastructure Index.

The EGShares Emerging Markets Domestic Demand ETF (EMDD) is dropping the INDXX Emerging Markets Domestic Demand Index in favor of the S&P Emerging Markets Domestic Demand Index, which was introduced last week. [S&P Dow Jones Indices Introduces New EM Index]

The S&P Emerging Markets Domestic Demand Index draws from a country universe of  Brazil, Chile, China, Colombia, Czech Republic, Egypt, Hungary, India, Indonesia, Malaysia, Mexico, Morocco, Peru, Philippines, Poland, Russia, South Africa, Thailand, and Turkey.

The news is another sign of FTSE’s increased presence as an index provider in the North American ETF. Last August, FTSE said its indices are used for over 100 ETFs listed in the U.S. and Canada. Some EGShares ETFs, including the EGShares EM Dividend High Income (EMHD) , have previously been tracking FTSE indices. [FTSE Expands ETF Index Footprint]

Four EGShares ETFs will continue to track INDXX indices, according to a statement issued by the ETF provider.

EGShares Low Volatility Emerging Markets Dividend ETF

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ETF Trends editorial team contributed to this post.

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