Europe's first ETF through a white-label platform launches

The Emerging Markets and Ecommerce UCITS ETF (EMQQ) will list on the London Stock Exchange on 5 October with a total expense ratio (TER) of 0.86%. The ETF was originally launched on the New York Stock Exchange in November 2014 and has $365m in assets under management (AUM). It will provide investors with exposure to companies driving the growth of online consumption in the developing world. The index tracks over 50 stocks including Alibaba and Tencent, weighting according to a modified market cap. Individual stocks are capped at 8%. To be included in the index, half of companies...