Small Cap Emerging Asia Pacific ETF Debuts
In yet another first for the U.S. ETF industry, State Street has rolled out the first fund to focus exclusively on small cap stocks in Asia Pacific economies. The New SPDR S&P Small Cap Emerging Asia Pacific ETF (GMFS) joins an existing SPDR ETF targeting large cap stocks in the region, as well as a growing number of international equity funds focusing on smaller stocks. The recently launched ETF is linked to the S&P Asia Pacific Emerging Under USD 2 Billion Index, a benchmark that consists of about 500 different holdings with an average market cap of approximately $460 million. By comparison, the SPDY S&P Emerging Asia Pacific ETF (GMF) has a weighted average market cap of more than $12 billion. Under The Hood The country allocation of GMFS is certainly worth noting, as this fund consists of a huge weighting towards a market that many investors consider to be developed. Taiwan stocks account [...] Click here to read the original article on ETFdb.com. Related Posts: Six Noteworthy ETF Innovations Van Eck Launches Small Cap Germany ETF (GERJ) First Small Cap Singapore ETF Debuts ETF Misnomers: Why You Never Judge A Fund By Its Cover BRIC ETF Investing: Small Cap Edition
In yet another first for the U.S. ETF industry, State Street has rolled out the first fund to focus exclusively on small cap stocks in Asia Pacific economies. The New SPDR S&P Small Cap Emerging Asia Pacific ETF (GMFS) joins an existing SPDR ETF targeting large cap stocks in the region, as well as a growing number of international equity funds focusing on smaller stocks. The recently launched ETF is linked to the S&P Asia Pacific Emerging Under USD 2 Billion Index, a benchmark that consists of about 500 different holdings with an average market cap of approximately $460 million. By comparison, the SPDY S&P Emerging Asia Pacific ETF (GMF) has a weighted average market cap of more than $12 billion.  Under The Hood The country allocation of GMFS is certainly worth noting, as this fund consists of a huge weighting towards a market that many investors consider to be developed. Taiwan stocks account [...]

Click here to read the original article on ETFdb.com.

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