- With institutional portfolios already plenty exposed to the played-out BRIC theme, MSCI launches the EM Beyond BRIC Index, made up of 17 countries, but excluding the BRIC nations.
- Larger EM countries like Taiwan, South Africa, and Korea are capped at just 15% of holdings in order to encourage diversification. This new index would have returned 12% annualized since 1999, outperforming the MSCI Emerging Markets Index (NYSEARCA:EEM) by 90 basis points per year.
- State Street has already filed for the MSCI Beyond BRIC ETF (NYSEARCA:EMBB) to track the index.
- Another Beyond BRIC ETF is recently-launched (NYSEARCA:BBRC).
- BRIC ETFs: FNI, EEB, BKF, BIK, BBRC, EMDD, BICK.
- Emerging market ETFs: AGEM, EEM, ADRE, SCHE, GMM, VWO, DEM, EWEM, PXH, PIE, EWX, DGS, EMLB, EDC, EET, EMSA, EDZ, EEV, EUM, TLTE, HILO, EELV, EEMA, EMFT, DVYE, FEMS, EVAL, EGRW, EMCR, IEMG, EMDR, EEME.