NEW YORK ( TheStreet) -- ETF provider Emerging Globalshares has made its name by being first to market in several areas of the emerging markets space. It has done so again with the new EG Shares Emerging Markets Domestic Demand ETF (EMDD). The name might not be too catchy but the exposure seeks to capitalize on the burgeoning middle class in many emerging market countries.The driver of this segment is the demand that arises from more and more citizens of emerging market countries moving into more of a middle class lifestyle. This transition is likely to be steadier than the growth of the broader economies of emerging market countries.
New Fund Targets Emerging Markets Middle Class Growth
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