State Street Launches Beyond BRIC ETF

|About: State Street Corporation (STT)|By:, SA News Editor

State Street's (STT) Global Advisors unit launched the SPDR MSCI EM Beyond BRIC ETF (EMBB) this morning to meet the ever growing investor interest in underplayed emerging markets.

With an expense ratio of 0.55%, this new ETF will bypass the now crowded BRIC countries (Brazil, Russia, India and China), instead investing in developing market stocks with less outside exposure; Chile, the Czech Republic and Indonesia to name a few.

Another Beyond BRIC ETF (BBRC) was launched just over a year ago with a net expense ratio of 0.58%.

Emerging Market ETFs: EEM, VWO, EDC, EDZ, SCHE, IEMG, EEV, PIE, ADRE, EUM, EET, GMM, EEME, EMCR, DBEM, EWEM, FEM, EMLB, EMSA, EMFT, EMDR