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First Trust Advisors has launched the First Trust Bloomberg Emerging Market Democracies ETF (NYSE Arca: EMDM), targeting investment in emerging markets prioritizing political rights and civil liberties. The ETF aims to mirror the Bloomberg Emerging Market Democracies Index, highlighting countries recognized as Electoral Democracies by Freedom House. This fund is part of a strategy to address investor concerns over governance in traditional emerging markets, with anticipated long-term growth potential. First Trust currently manages approximately $201 billion in assets as of January 31, 2023.