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The new ETF tracks the FTSE Emerging Markets ex-China index. India and Taiwan comprise approximately 60% of the index. The iShares MSCI Emerging Markets ex-China ETF (EMXC) had approximately $13.6B AUM as of 6/30/2025 with an expense ratio of 0.25%. The expense ratio for Vanguard’s Emerging Markets ex-China ETF (VEXC) is only 0.07%.