May 24, 2011 at 07:00 AM EDT
Van Eck Plans Mongolia ETF
Van Eck, the issuer behind a number of country-specific emerging markets ETFs, recently laid the groundwork to launch what would be the industry’s first Mongolia ETF. In an SEC filing last week, the company outlined an ETF that would seek to replicate a to-be-determined index that would consist of companies domiciled and primarily listed on an exchange in Mongolia or that generates at least half of its revenue in Mongolia. The filing didn’t include an expense ratio or ticker symbol for the proposed fund. According to the ETF country exposure tool, there are currently four equity ETFs that include Mongolia in their top ten country allocations, though none makes a meaningful allocation. Mongolian stocks account for about 0.8% of the PowerShares Global Coal Portfolio (PKOL) and even less of the MSCI Pacific ex-Japan Index Fund (EPP) and Vanguard Pacific ETF (VPL). First Mongolia ETF Mongolia’s economy has traditionally been based [...] Click here to read the original article on Related Posts: Beyond the BRIC: Ten Country-Specific Emerging Markets ETFs ETFs For The “Next 11″ Economies Emerging Market ETF Investing: Beyond The BRIC Poland ETF (PLND) Debuts iShares Rolls Out Three New International ETFs
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