- 15 ETFs have transitioned to FTSE benchmarks in past 18 month
- More than 110 ETFs tracking FTSE benchmarks in North America
- EGA move reinforces FTSE’s growing US presence
FTSE Group (“FTSE”) has been selected by Emerging Global Advisors, the specialist provider of Emerging Market Electronic Traded Funds (ETFs), as the index benchmark provider for its EGShares Low Volatility Emerging Markets Dividend ETF (HILO) and the EGShares Brazil Infrastructure ETF (BRXX), replacing Indxx. These funds transition today to the FTSE Emerging All Cap ex Taiwan Low Volatility Dividend Index and FTSE Brazil Infrastructure Extended Index, respectively listed on NYSE.
These ETFs, which represent US $138.6 million in assets under management (AUM), are the 14th and 15th to transition to FTSE in the last 18 months and add to FTSE’s significant North American business, with 111 ETFs tracking FTSE benchmarks. Globally, more than US $189 billion of ETF AUM are benchmarked to FTSE indices as of December 2013.
Jonathan Horton, President FTSE North America, commented, “The decision by Emerging Global Advisors to transition to FTSE benchmarks provides further endorsement of our transparent, rules-based approach to index construction and country classification. Our ETP Service Unit Team worked closely with EGA to ensure these index methodologies properly expressed their ETF investment objectives.”
