NEW YORK TheStreet In its brief history, ETF provider EG Shares has come out with several very innovative funds. After a bit of a hiatus from new fund issuance the firm is back with its latest fund which is the EG Shares Emerging Markets Core ETF (EMCR). As the name implies the fund is a broad-based emerging markets equity index fund, meant to be used as a core portfolio holding.The country methodology caps 15% each to China, South Africa and India. An additional 10% goes to Brazil, 8.8% to Russia and 7.5% each to Chile, Malaysia and Mexico before getting much smaller. Most of the broad funds from EG Shares are BRICS heavy -- the "S" stands for South Africa -- which often means other countries have little influence on the fund or are avoided altogether.
New Emerging Markets ETF Seeks Superior Diversification
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