Alibaba Among Emerging-Market Internet Stocks in New ETF
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Alibaba Group Holding Ltd. and Yandex NV are among 42 developing-nation Internet stocks that traders in the U.S. will be able to invest in through a new exchange-traded fund that launched today.
The Emerging Markets Internet and E-commerce ETF, offered by Exchange Traded Concepts and listing under the ticker EMQQ, will track companies such as the largest Chinese online retailer and the owner of Russia’s biggest search engine as well as Argentina’s MercadoLibre Inc. and Naspers Ltd. of South Africa, according to a statement.