Global X Funds on Tuesday launched two new emerging markets exchange-traded funds, the Global X Russell Emerging Markets Growth ETF and the Global X Russell Emerging Markets Value ETF.

Both funds track indexes from Russell Indexes, marking the first time Global X has partnered with Russell.

Global X says the funds offer investors the first opportunity to invest in emerging markets’ growth and value.

Global X also noted that although emerging markets are typically associated with growth-style investments, Russell research indicates that the value index has outperformed the growth index over the past three years by 10.02%.

“We are pleased to be pairing with Russell Indexes, a recognized leader in the development of style indices, to bring these products to market,” said Bruno del Ama, CEO of Global X Funds. “Both new funds seek to provide investors with well-diversified portfolios by granting exposure to emerging markets while still following the tenets of classic investment philosophies: growth and value.”

The two funds track the Russell Emerging Market MegaCap Growth Index and the Russell Emerging Market MegaCap Value Index.

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