Global X Funds has unveiled a new exchange-traded fund (ETF) targeting the Association of Southeast Asian Nations (ASEAN). The Global X FTSE ASEAN 40 ETF,which is the first of its kind, will track the FTSE/ASEAN 40 Index.
The index follows the performance of the 40 largest companies in the five ASEAN countries, including Singapore, Malaysia, Indonesia, Thailand and the Philippines. The fund will be traded on the New York Stock Exchange’s Arca platform ,adds The Wall Street Journal.
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