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Products January 25, 2011
Company Launches Emerging Markets ETFs
Global X Funds launched the Global X Russell Emerging Markets
Growth ETF (Ticker: EMGX) and the Global X Russell Emerging Markets
Value ETF (Ticker: EMVX).
Reported by PLANADVISER staff
The Global X Russell Emerging Markets Growth ETF and the Global X Russell Emerging Markets Value ETF track the Russell Emerging Market MegaCap Growth Index and the Russell Emerging Market MegaCap Value Index, respectively.
According to a press release, the Russell Emerging Market MegaCap Growth Index measures the performance of the mega-cap growth segment of the emerging markets equity universe, screened for those companies with higher price-to-book ratios and higher expected growth values. The Russell Emerging Market MegaCap Value Index measures the performance of the mega-cap value segment of the emerging markets equity universe, screened for those companies with lower price-to-book ratios and lower expected growth values.