First 'Smit' ETF launched as emerging markets equity inflows gather pace

Launch of Smit 40 Index ETF by Commerzbank coincides with surge in demand for emerging markets equity products

Commerzbank's exchange-traded fund (ETF) subsidiary ComStage has rolled out the first ETF to provide access to the S&P Smit 40 Index, an emerging markets index that tracks the performance of leading companies from South Korea, Mexico, Indonesia and Turkey (Smit). The launch of the ETF, which is listed on Deutsche Börse, underlines the increasing interest in emerging markets countries beyond the so-called Brics – Brazil, Russia, India and China.

As of January 28, emerging markets equity exchange