New Asia ETF - ASEA

The other day we were discussing ETFs focusing on the BRIC Region (Brazil, Russia, India and China), so it's only fitting that we talk about a different region today, the Association of South Eastern Asian Nations (ASEAN).

The ASEAN region consists of Indonesia, Malaysia, Philippines, Singapore and Thailand. And if you want to invest in these regions as a whole, then you are only one new ETF away...

• ASEA - Global X FTSE ASEAN 40 ETF

The new foreign ETF tracks the FTSE/ASEAN 40 Index and consists of the top 40 largest companies in the ASEAN region. Some of the top industries represented in the fund are telecommunications (15%), industrials (15%) and consumer discretionary (10%).

So if this fund sounds like a fit for your portfolio, you may want to check it out. As of today's close it was trading around $15.19.

Disclosure None