EGShares announced that its newly minted Emerging Global Shares Emerging Markets Consumer Titans Index Fund (NYSE: ECON), a 30-stock ETF focused on emerging markets consumers, has surpassed $100 million in assets under management.
That’s an impressive haul considering the ETF has been trading for just about 10 weeks. EGShares has $340 million in assets under managements across its emerging markets ETF lineup, the company said in a statement.
ECON tracks the Dow Jones Emerging Markets Consumer Titans 30 Index and its top-five country weights are Mexico (20.4%), Brazil (16.5%), India (16.4%), South Africa (14.9%), and China (9.4%).
The top-five industry weights are automobiles & parts (16.6%), beverages (14.8%), media (12.4%), travel & leisure (12.2%), and food makers (12.0%).
ECON has an expense ratio 0.85%.
This article is by The ETF Professor. It originally appeared at Benzinga and is republished here with permission.
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