Global X Launches Value and Growth Emerging-Markets ETFs
These style-based emerging-markets ETFs are the first of their kind.
On Jan. 25, Global X launched two emerging-markets exchange-traded funds, offering investors the first-ever style-based emerging-markets ETFs: Global X Emerging Markets Value ETF (EMVX) and Global X Emerging Markets Growth ETF (EMGX).
EMVX will track the Russell Emerging Markets Mega Cap Value Index, which includes about 80 mega-cap growth companies with lower price/book ratios and lower expected growth values. By far, the biggest industry weighting in the index is energy, which makes up a whopping 45%-plus of the fund's assets. After that are utilities (17%-plus of assets), materials & processing (11%), financial services (11%), and technology (7%). The largest constituents include Brazilian energy company Petrobras (PBR) (11%), Russian natural gas extractor Gazprom (9%), South Korean conglomerate Samsung (6%), Russian oil and gas company Surgutneftegaz (6%), and Chinese telecom China Mobile (CHL) (5%). Top country weightings are Russia (27% of assets), South Korea (25%), Brazil (20%), China (16%), and Taiwan (7%). Note that those five countries together make up a whopping 95% of the fund's assets.
Robert Goldsborough does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.
Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.
We’d like to share more about how we work and what drives our day-to-day business.
We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.
How we use your information depends on the product and service that you use and your relationship with us. We may use it to:
To learn more about how we handle and protect your data, visit our privacy center.
Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.
To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.
Read our editorial policy to learn more about our process.