HANetf and Kevin T. Carter, the founder of EMQQ Emerging Markets Internet & Ecommerce UCITS ETF, has launched an ETF that captures the potential growth of emerging market economies outside of China.
The FMQQ ETF will focus on the growth potential of frontier and emerging market economies such as India, Brazil, Mexico, Russia, Turkey, Nigeria and Indonesia.
Carter said, “We believe FMQQ can be an attractive alternative for investors who want to capture the budding opportunities in these next frontier markets and/or complement their Chinese tech allocations and balance out their current portfolio weightings.”
HANetf and EMQQ have said new consumer consumption trends, fuelled by a young consumer class with greater access to smartphones and the internet, are creating opportunities in new companies and apps around the world which move away from the model of traditional shopping.
The ETF is currently comprised of 60 names, including MercadoLibre of Argentina, Sea Limited, a Singaporean ‘super-app’, Zomato, an Indian food delivery app and Jumia, a Nigerian online marketplace.
The FMQQ Next Frontier Internet & Ecommerce ESG-S UCITS ETF is listed on the London Stock Exchange, Deutsche Börse, Borsa Italiana and Euronext Paris.
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