Seven New Emerging Market Funds

Emerging Global Advisors, the firm that provided ETF investors with their first access to sector-specific emerging-market funds, is following up with a family of mainly BRIC nation-focused instruments designed to provide investors with access to mid-caps, large caps and infrastructure.

The seven funds will trade under the names:

Emerging Global Shares INDXX India Infrastructure Index Fund

Emerging Global Shares INDXX China Infrastructure Index Fund

Emerging Global Shares INDXX Brazil Infrastructure Index Fund

Emerging Global Shares INDXX India Mid Cap Index Fund

Emerging Global Shares INDXX China Mid Cap Index Fund

Emerging Global Shares INDXX Brazil Mid Cap Index Fund

Emerging Global Shares INDXX Growing Asia Large Cap Index Fund

Only recently have international exchange-traded funds moved away from strictly tracking the largest firms in the represented nation, albeit with limited offerings. Market Vectors Brazil Small Cap ETF (BRF - commentary - Trade Now) and the Claymore/AlphaShares China Small Cap Index ETF (HAO - commentary - Trade Now) (HAO) offer access to smaller firms more representative of domestic consumers in China and Brazil.

Emerging Global Advisors' new mid-cap instruments will be the first U.S.-listed international ETFs to provide investors with access to companies in between those two.

The infrastructure funds will track a capitalization-weighted index of companies that are representative of a specific nation's infrastructure sector.

The Growing Asia large-cap fund will track a basket of the top 50 large-cap companies in China, India, Malaysia, Thailand and the Philippines. Half of the fund's assets will be allocated to China and India.

According to the funds' prospectus, each ETF will carry a 0.85% net operating expense ratio.

Portfolio managers should like the mid-cap exposure, while the India Mid Cap might be the most popular with individual investors and traders -- if it beats the planned Market Vectors India Small Cap to market.

At the time of publication, Dion held no positions in any of the stocks or ETFs mentioned.

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At the time of publication, Dion held no positions in any of the stocks or ETFs mentioned.

Don Dion is president and founder of Dion Money Management, a fee-based investment advisory firm to affluent individuals, families and nonprofit organizations, where he is responsible for setting investment policy, creating custom portfolios and overseeing the performance of client accounts. Founded in 1996 and based in Williamstown, Mass., Dion Money Management manages assets for clients in 49 states and 11 countries. Dion is a licensed attorney in Massachusetts and Maine and has more than 25 years' experience working in the financial markets, having founded and run two publicly traded companies before establishing Dion Money Management.

Dion also is publisher of the Fidelity Independent Adviser family of newsletters, which provides to a broad range of investors his commentary on the financial markets, with a specific emphasis on mutual funds and exchange-traded funds. With more than 100,000 subscribers in the U.S. and 29 other countries, Fidelity Independent Adviser publishes six monthly newsletters and three weekly newsletters. Its flagship publication, Fidelity Independent Adviser, has been published monthly for 11 years and reaches 40,000 subscribers.