ETF issuer Old Mutal will introduce three new globally-focused ETFs
The next new offering from Old Mutual is the GlobalShares FTSE All-Cap Asia Pacific ex-Japan ETF, which will trade under the ticker “GSZ.” GSZ will compete in a crowded market space of ETFs that offer exposure to Asia while excluding Japan, the second-largest economy in the world. GSZ will track the FTSE All-Cap Asia Pacific Ex-Japan Index, which is home to nearly 1,800 stocks with a minimum market value of $100 million.
The GlobalShares FTSE All-World ex-U.S. rounds out the list of new Old Mutual offerings. This ETF will trade under the ticker “GSO” and track an index that follows 2,200 emerging and developed market companies. Again, $100 million is the minimum market cap for inclusion.
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Disclosure: no positions