Global X ETFs has completed the conversion of two actively managed mutual funds into ETFs: the Global X Emerging Markets Great Consumer ETF (EMC) and the Global X Emerging Markets ETF (EMM). These ETFs offer investors exposure to emerging markets while benefiting from the advantages of the ETF structure, including liquidity, transparency, lower investment minimums, and potential tax efficiencies. The funds are managed by the same portfolio management team as the predecessor mutual funds and follow similar investment strategies.
Global X Emerging Markets Great Consumer ETF (EMC):
Predecessor Mutual Fund Name: Mirae Asset Emerging Markets Great Consumer Fund
Benchmark: MSCI Emerging Markets Index
New Expense Ratio: 0.75%
Objective: Capturing the structural shift in developing markets, focusing on domestic consumption-driven growth as GDP profiles move away from exports.
Global X Emerging Markets ETF (EMM):
Predecessor Mutual Fund Name: Mirae Asset Emerging Markets Fund
Benchmark: MSCI Emerging Markets Index
New Expense Ratio: 0.75%
Objective: Broad market fund with a tactical and opportunistic approach to investing in sectors and emerging markets with high growth potential over the long term, emphasizing quality across sectors and regions.
