EMQQ becomes EMQQ Global


Jhe transmitter of the Emerging Markets Internet & E-Commerce ETFs (NYSEArca: EMQQ) and the Next Frontier Internet and E-Commerce ETF (FMQQ) renamed the company EMQQ Global. EMQQ Global founder and CIO Kevin T. Carter said in an email to investors that the company is doing this to better represent its expanded holdings and broader reach in the growing emerging markets space.

“We launched EMQQ in 2014 to help investors capture the unique opportunities of fast-growing internet and e-commerce businesses in emerging and frontier markets,” Carter wrote. “At the time, there were 42 emerging market internet companies listed on the stock exchange…Since then, the number of emerging market internet companies has tripled to 131.”

Carter also noted that while smartphone and internet penetration were 24% and 39% globally in 2014, respectively, they are now 58% and 63%.

When EMQQ was first launched, most emerging market internet companies listed on the stock exchange were Chinese. Today, the emerging markets specialist has interests in India, Brazil, Indonesia, Nigeria, Argentina, Egypt, Uruguay and Kazakhstan.

“In addition to the geographic expansion of our holdings, EMQQ now also allows the index to trade in London, Milan and Frankfurt, with plans for listing in Hong Kong later this year,” Carter added.

The company also recently launched its first country-specific index, INQQ: The India Internet + Ecommerce Index, which is designed to capture the growth of online consumption and digitalization of lifestyles in India.

EMQQ Global Chief Marketing Officer Lee G. Stapleton has confirmed that ETFs, their tickers and indices will remain the same.

EMQQ tracks an index of leading Internet and e-commerce companies serving emerging markets. It aims to provide investors with exposure to the growth of online consumption in developing countries. EMQQ’s holdings operate in various markets such as India, China, Brazil, Turkey, Nigeria and Indonesia, to name a few. To be included, businesses must derive their profits from e-commerce or internet business and include search engines, online retail, social media, online video, electronic payments, online games or online travel.

FMQQ offers investors targeted exposure to non-Chinese EMQQ companies. It aims to provide investment results which, before fees and expenses, generally correspond to the price and yield performance of the Next Frontier Internet and eCommerce Index (FMQQetf.com). All securities must have a market capitalization greater than $300 million and more than 50% of their revenue must be from Internet and/or e-commerce businesses in emerging and frontier markets (excluding China). The fund is rebalanced semi-annually.

For more news, insights and strategy, visit our Emerging Markets channel.

Learn more at ETFtrends.com.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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