Russell Investments has launched two new mega-cap emerging markets indexes, the Russell Emerging Markets Mega Cap Growth Index and the Russell Emerging Markets Mega Cap Value Index. Global X Funds has already contracted to launch two exchange-traded funds based on the indexes.

“Offering the most robust tools to measure investment style has been a hallmark of Russell Indexes for more than 20 years,” said Ron Bundy, CEO of Russell Indexes. “By incorporating style classifications for emerging market securities, we provide yet another important differentiator of stock and equity market performance in order to help investors more fully capture market realities within emerging markets globally.”