A corner of the market that represents some of the best prospects for growth seems to be undiscovered.
That’s according to the Wall Street Journal’s Tom Lauricella in the article An Intriguing Sector with, So Far, Only a Short List of Funds. Lauricella writes that emerging market economies are leading the way out of the global recession and small-company stocks are the most direct way to gain exposure.
Yet, only a handful of mutual funds and only one ETF are available for investors looking to gain exposure to this corner of the market.
The SPDR S&P Emerging Markets Small Cap ETF (EWX) is up 62% this year. The fund invests in institutionally investable stocks in developed and emerging markets with float-adjusted market capitalizations of at least $100 million. Top holdings include China Bills Finance Corp., Aspen Pharmacare, Mphasis Ltd, Turk Hava Yollari and PDG Realty SA Empr.
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