The newly launched ETFs seek to benefit from emerging markets through growth and value styles and are designed to complement each other in a portfolio to capture these differences.
The Global X Russell Emerging Markets Growth ETF tracks Russell Emerging Market MegaCap Growth Index while Global X Russell Emerging Markets Value ETF will track the Russell Emerging Market MegaCap Value Index.
The Russell Emerging Market MegaCap Growth Index measures the performance of the mega-cap growth segment of the emerging markets equity universe, screened for those companies with higher price-to-book ratios and higher expected growth values.
The Russell Emerging Market MegaCap Value Index measures the performance of the mega-cap value segment of the emerging markets equity universe, screened for those companies with lower price-to-book ratios and lower expected growth values.
Global X Funds CEO Bruno del Ama said both new funds seek to provide investors with well-diversified portfolios by granting exposure to emerging markets while still following the tenets of classic investment philosophies: growth and value.
