Emerging Global Advisors changes indices for three ETFs
Emerging Global Advisors (EGA), the asset manager to the EGShares exchange-traded fund offering, has made changes to the underlying indices for three ETFs.
Effective 3 February 2014, the EGShares Low Volatility Emerging Markets Dividend ETF (HILO) will begin tracking the FTSE Emerging All Cap ex Taiwan Low Volatility Dividend Index.
In addition, the EGShares Brazil Infrastructure ETF (BRXX) starts tracking the FTSE Brazil Infrastructure Extended Index and the EGShares Emerging Markets Domestic Demand ETF (EMDD) starts tracking the S&P Emerging Markets Domestic Demand Index.
Although the funds' transitions to new index providers have resulted in some portfolio reconstitutions, there are no material changes to the construction of the indices.
Four EGShares ETFs will continue to track INDXX indices, including the EGShares India Small Cap ETF (SCIN), EGShares India Infrastructure ETF (INXX), EGShares India Consumer ETF (INCO) and EGShares China Infrastructure ETF (CHXX).
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