New ETF Offers Global Financial Exposure

While international ETF investors have traditionally been forced to hold funds that track companies across a broad spectrum of sectors, Emerging Global Advisers has made a name for itself with offerings that target very specific slices of foreign markets.

The company currently offers a small collection of international funds, including Emerging Markets Energy Titans (EEO - commentary - Trade Now) and Emerging Markets Metals & Mining Titans (EMT - commentary - Trade Now), which provide investors exposure to a single sector from an international perspective.

On Wednesday, Emerging Global Advisers further expanded its fund family with the launch of its Emerging Markets Financial Titans Index Fund (EFN - commentary - Trade Now). This fund tracks a basket of 30 financial companies from 10 different nations including China, Brazil, India and South Africa.

According to the company's Web site, the fund is designed to track companies that are serve the investment and banking needs of the nations' emerging middle classes and growing affluent populations.

Some of the ETF's top holdings include China Life Insurance (LFC - commentary - Trade Now), Standard Bank Group and Itau Unibanco Banco (ITUB - commentary - Trade Now).

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At the time of publication, Dion had no positions in the stocks 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.