Old Mutual Global Index Trackers has launched the GlobalShares FTSE Developed Countries ex-U.S. Fund, an exchange-traded fund trading on the New York Stock Exchange.
The fund is designed to offer American investors exposure to 23 developed countries, including Canada, Japan, the United Kingdom, France and Germany without overlapping their U.S. stock portfolios by tracking the FTSE Developed ex-U.S. Index. This is Old Mutual’s second ETF for American investors, the first being GlobalShares Developed Countries ex-U.S. Fund.
“After the successful launch of [our first ETF], we are excited to introduce [this new ETF] and will be rolling out an additional three ETFs within the coming weeks,” said Tendai Musikavanhu, CEO of Old Mutual Global Index Trackers. “We continue to seek to deliver top-level product and diversification, while also maintaining our commitment to providing low-cost investor access to emerging and developed markets outside the U.S.”