EGA Low-Volatility ETF HILO Gets New Name

October 28, 2011

 

Emerging Global Advisors today renamed its EGShares Emerging Markets High Income/Low Beta ETF (NYSEArca: HILO), now calling it the EGShares Low Volatility Emerging Markets Dividend ETF to make plain exactly what the fund is designed to deliver. Its ticker stays the same.

“We renamed the fund EGShares Low Volatility Emerging Markets Dividend ETF to address the conversation most pertinent to investors,” Emerging Global Founder and President Robert Holderith said in a press release.

Investors are looking for decent-yielding funds that aren’t too volatile, at a time of ultralow interest rates in the developed world. HILO has a yield of 6.79 percent, and its underlying benchmark, the INDXX Low Volatility Emerging Markets Dividend Index, is designed to deliver lower volatility than the MSCI Emerging Markets Index, according to the press release.

The INDXX Index comprises 30 stocks from 13 emerging markets countries.

HILO, which came to market in early August of this year, doesn’t use options, swaps or other derivatives in its portfolio.

HILO has about $18 million in assets, according to data compiled by IndexUniverse, and its annual expense ratio is 0.85 percent.

 

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