ECON provides exposure to consumers in emerging markets, holding 60 leading firms as defined by S&P. The fund holds 20 firms in each of three sectorsconsumer staples, consumer discretionary, and communication servicesscreened by a combination of market cap, revenue, and net profit. ECON is market-cap weighted, with guardrails to prevent large under- or overweights to any one country. Prior to March 18, 2019, ECON tracked a related index of 30 emerging-market consumer companies. The fund is rebalanced annually and reviewed quarterly. Prior to Oct. 19, 2016 the fund had a different name reflecting EGShares as issuer. Columbia acquired EGShares on Sept. 1, 2016.
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