NEW YORK--(BUSINESS WIRE)--Emerging Global Advisors (EGA), the asset manager to the EGShares exchange-traded fund (ETF) offering, today announced that Marc Zeitoun joined the firm as Chief Product and Marketing Officer and Nicholas Smithie will join the firm as Chief Investment Strategist, effective September 23, 2013.
“Nick and Marc have strong reputations as leaders and creative thinkers in the asset management industry,” said Marten Hoekstra, CEO of EGA. “Their extensive experience with global institutions and wealth managers enhances our ability to address investor demand for developing market investment solutions.”
In his role at EGA, Mr. Smithie will be responsible for the firm’s developing market investment strategy, providing insight for use in investment implementation, product development, portfolio management and client engagement. Mr. Smithie was previously Senior Emerging Market Strategist at UBS Investment Bank, where he developed strategic model portfolios for global institutions and for the creation of structured products. Prior to working at UBS, Smithie spent 12 years at MFS Investment Management, where he held portfolio manager roles, including lead portfolio manager of the MFS Emerging Markets Equity Fund. He is a graduate of Brasenose College at Oxford University and a member of the CFA Institute. Coming to EGA as a part of Mr. Smithie's team will be Stephen Mo, until recently a Strategist for the Global Equity Market Strategy Team at UBS. Mr. Mo will be based in London.
“Joining EGA provides a significant opportunity to be part of a team leading the effort in creating strategic investment tools that capture some of the most exciting themes within developing markets,” Mr. Smithie said. “As developing markets continue to evolve, products such as those developed by EGA have become increasingly important in helping investors and institutions implement a more discerning, forward-looking approach toward their developing market allocations.”
As Chief Product and Marketing Officer for EGA, Mr. Zeitoun is responsible for product development, product management and firm marketing. Most recently, he led business development for Guggenheim Investments/Rydex as Head of Intermediary Distribution for the firm’s ETF, mutual funds, separately managed accounts and variable insurance trust businesses. Prior to that, he spent eight years at UBS, serving as Executive Director for investment solutions and fee-based platforms, expanding the firm’s wealth management advisory business. Mr. Zeitoun is a graduate of Vassar College and Columbia University and a member of the CFA Institute.
“EGA is widely recognized as an industry leader in creating tools that address developing market allocation needs,” said Mr. Zeitoun. “As the demand for intelligent customization intensifies while traditional asset allocation notions of alpha and beta continue to evolve, the firm is well-positioned to become the provider of choice for developing market investors. It’s an exciting time to be here.”
About Emerging Global Advisors (EGA)
Emerging Global Advisors (EGA), the asset manager to the EGShares ETF offering, provides investors and institutions with the advanced beta tools they need to implement similar investment strategies in developing markets as they do in developed markets. For more information, please visit egshares.com.
Investors should carefully consider the investment objectives, risks, charges and expenses of the Fund before investing. To obtain a prospectus containing this and other important information, please call (888) 800-4EGS (4347) or visit www.egshares.com to view or download a prospectus online. Read the prospectus carefully before investing.
Emerging market investments involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles, from economic or political instability in other nations or increased volatility, and lower trading volume. This fund will concentrate its investments in issuers of one or more particular industries to the same extent that its Underlying Index is so concentrated and to the extent permitted by applicable regulatory guidance. Concentration risk results from maintaining exposure to issuers conducting business in a specific industry. Small cap and mid cap companies generally will have greater volatility in price than the stocks of large companies due to limited product lines or resources or a dependency upon a particular market niche. The value of an investment denominated in a foreign currency could change significantly as foreign currencies strengthen or weaken relative to the U.S. dollar.
Marten Hoekstra and Marc Zeitoun are registered representatives of ALPS Distributors, Inc.
EGShares Funds are distributed by ALPS Distributors, Inc.
© Copyright 2013 Emerging Global Advisors, LLC - All Rights Reserved
EGS001453 Expires 9/10/2014