ECON: Targeting Emerging Market Consumers

The fifth of a planned eleven emerging markets sector ETFs from Emerging Global Advisors began trading yesterday (9/14/10).  Emerging Global Shares Dow Jones Emerging Markets Consumer Titans Index Fund (ECON) seeks to track an index measuring the stock performance of 30 leading emerging market companies in the Consumer Goods and Consumer Services Industries as defined by the Industry Classification Benchmark system. Like other second-generation emerging market ETFs that focus on small cap stocks and individual sectors, ECON is a play on internal consumer growth.  First-generation diversified and single-country emerging market ETFs are predominately composed of large-cap companies that often derive the bulk of their revenues from manufacturing and exporting to the developed nations of the world.  Conversely, the success of ECON’s holdings will rely on the internal growth… . . . → Full Story: ECON: Targeting Emerging Market Consumers