S&P index targets the next emerging markets

"One major trend we have seen over the last few years is that emerging markets investments have become much more sophisticated," says Mike Orzano, director of global equity indexes at S&P indexes at New York. "In the early days, a lot of investors were seeing emerging markets as a homogeneous areas where they would invest in one large cap fund, now we are seeing much more sophisticated strategies targeting different countries and regions. This is one of our most recent forays into that area - looking emerging markets beyond the Brics." The index includes companies from 40 countries in...