GlobalShares Launches Three New ETFs
Tuesday, April 6th, 2010Michael Johnston submits:
Old Mutual Global Index Trackers, a South Africa-based division of asset Manager Old Mutual, launched three new ETFs on Tuesday, bringing the number of funds in its product line to five. The new ETFs include:
- GlobalShares FTSE All-Cap Asia Pacific Ex Japan Fund (GSZ)
- GlobalShares FTSE All-World ex U.S. Fund (GSO)
- GlobalShares FTSE All-World Fund (GSW)
GSZ will track the performance of the FTSE All Cap Asia Pacific Ex Japan Index, a benchmark comprised of companies in the Asia Pacific region (excluding Japan) that account for approximately 98% of the investable market capitalization. The underlying index consists of nearly 1,800 stocks, making GSZ unique in that it will offer exposure to Asia Pacific equities of all sizes, instead of focusing only on mega-cap firms. GSZ will charge an expense ratio of 0.50%, below the average for this ETFdb Category.
