What does EMI stand for?

BY) to the widely tracked MSCI Emerging Markets Index.

From its high in 2007 to the low in 2008, the iShares MSCI Emerging Markets Index Fund (EEM) declined 67% compared to the 62% decline in iShares MSCI EAFE Index ETF (EFA).

The MSCI Emerging Markets Index is designed to measure equity market performance in the global emerging markets.

The HSBC Emerging Markets Index provides a unique snapshot of the economic heartbeat of emerging markets.

The fund manager, which focuses on natural resources -- betting on the growing appetites of developing economies for raw materials -- reckons that investors will pause to take stock after the benchmark emerging markets index rallied by 90% since October last year.

HSBC plans to introduce in October the world's first Emerging Markets Index to be derived exclusively from access to PMI data.

The last time stocks in developing countries were this expensive was in October 2007, just before the MSCI Emerging Markets Index began a 12-month tumble that erased half its value, according to data compiled by Bloomberg.

LONDON, November 26 /PRNewswire/ -- Northern Trust Global Investments Limited ("NTGIL"), the international investment management arm of Northern Trust, has launched the Global Emerging Markets Index Fund ("the Fund"), to meet demand from institutional investors seeking to achieve net returns that are in line with the return on the equity markets of the world's emerging markets.