Legal & General Investment Management (LGIM) has launched an index fund for pension fund investors seeking emerging market exposure but without investing in emerging market entities.
The LGIM Russell Developed Large Cap EM GeoExposure Index
Fund will track the Russell Developed Large Cap Emerging Market GeoExposure
Index. This index consists of large, developed market companies that either
derive a material proportion of their revenues or generate significant total
revenues from emerging markets.
Investors will gain exposure to emerging markets,