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A big emerging market ETF will look different very soon

By Benzinga
Asset Management

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China Dragon Fangs Claws Rarr

The iShares MSCI Emerging Markets ETF (NYSE: EEM), the second-largest emerging market exchange traded fund by assets, is expected to look different next month as index provider MSCI Inc. (NYSE: MSCI) proceeds with the inclusion of companies with primary exchange listings in countries away from home domiciles in the firm's international benchmarks.

Companies traded outside of the country of classification (i.e., "foreign listed companies"), terminology used by MSCI, include well-known Chinese Internet and technology firms such as Alibaba Group Holding Ltd. (NYSE: BABA) and Baidu Inc. (NASDAQ: BIDU). Those companies and others will be added to the MSCI Emerging Markets Index on December 1, which could lure added investments to funds tracking that benchmark of $70 billion or more.

KraneShares CSI China Internet Fund (NASDAQ: KWEB). Home to a ...

Full story available on Benzinga.com

Photo: Jim Winstead

 

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