NYSE Euronext (NYX) and Emerging Global Advisors, an asset management company focused exclusively on emerging markets and the sub-advisor to the EGShares family of exchange-traded funds (ETFs), announced today the successful launch of a comprehensive suite of investment solutions for sector investing in emerging market countries on NYSE Arca, NYSE Euronext's fully electronic US market.
The funds, branded as GEMS (Global Emerging Market Sectors), allow investors to pursue emerging markets sector exposures in a manner similar to what is possible in the US and other developed markets. The funds are all based on the Dow Jones Emerging Market Sector Titans Indexes and are composed of leading emerging market companies in each of the 10 Industries defined by the Industry Classification Benchmark (ICB).
"The GEMS launch makes it possible for investors to trade emerging markets sector funds, and we take great pride in being the first exchange to list these innovative products," said Laura Morrison, Senior Vice President of Global Index and Exchange Traded Products Group US. "EGA's decision to list on NYSE Euronext underscores the value of the consultative services, market structure and technology that our platform provides its issuers and the ETF marketplace."
"We believe today's introduction of the EGShares GEMS ETFs fills the market need for a comprehensive set of solutions to allow investors to pursue sector exposures across emerging market countries," said Marten S. Hoekstra, EGA's CEO.
The GEMS' sector solution set is:
EGShares GEMS Composite ETF (NYSE Arca: AGEM)*
EGShares Energy GEMS ETF (NYSE Arca: OGEM)*
EGShares Financials GEMS ETF (NYSE Arca: FGEM)*
EGShares Basic Materials GEMS ETF (NYSE Arca: LGEM)
EGShares Consumer Goods GEMS ETF (NYSE Arca: GGEM)
EGShares Consumer Services GEMS ETF (NYSE Arca: VGEM)
EGShares Health Care GEMS ETF (NYSE Arca: HGEM)
EGShares Industrials GEMS ETF (NYSE Arca: IGEM)
EGShares Technology GEMS ETF (NYSE Arca: QGEM)
EGShares Telecom GEMS ETF (NYSE Arca: TGEM)
EGShares Utilities GEMS ETF (NYSE Arca: UGEM)
* AGEM, OGEM, and FGEM were previously marketed under the tickers EEG, EEO, and EFN