South Korean companies make up the third-biggest country holding for Vanguard’s VWO, at 12.1 percent;
Both ETFs were among the 10 biggest U.S. ETFs by size at the end of February, according to data from the National Stock Exchange. EEM, the oldest among competing emerging market ETFs, was third-biggest, at $33.40 billion, compared with $20.10 billion for VWO, which was seventh-largest. Emerging Global’s EEG, which launched in July 2009, has gathered about $29.1 million in assets. SSgA’s GMM has attracted about $134 million since its rollout almost three years ago.
San Francisco-based iShares’ EMM has 476 holdings, compared with more than 800 for VWO, the result of so-called optimization by the iShares fund aimed at achieving investment exposure similar to the index, but with a fraction of the positions. Emerging Global’s EEG currently focuses on the largest companies and has 83 positions. It has a net expense ratio of 0.75 percent compared with 0.72 percent for EEM and 0.27 percent for VWO.
Investors’ Opinions Matter
As it reviewed
“Therefore it was straightforward at that point to announce
“It’s more administratively difficult for foreign investors to work within the Korean or
MSCI Barra gives investors and fund companies a year to digest any status-change decisions. It announced the decision on
“It’s all about the investability and accessibility from a foreign investor's perspective.”
Volatility: MSCI Vs. Titans Vs. S&P Emerging BMI