On 6 November 2026, Legal & General UCITS ETF Plc listed a new share class of its emerging markets dividend ETF on the Main Market of the London Stock Exchange. The new class is the L&G Emerging Markets Quality Dividends UCITS ETF – USD Distributing (M) (ISIN IE000BP0WGL6).
Article created by the editorial staff of ETFWorld.co.uk
Giancarlo Sandrin Head of Wholesale Europe L&G Asset Management
It trades in US dollars under the ticker DEMM, has a total expense ratio of 0.45%, and distributes income monthly.
The “(M)” in the share class name indicates the monthly distribution schedule. The new class provides the same equity exposure as the fund’s existing quarterly distributing class, but with a different payment frequency.
London Stock Exchange listing details
Name: L&G Emerging Markets Quality Dividends UCITS ETF – USD Distributing (M)
Issuer: Legal & General UCITS ETF Plc
ISIN: IE000BP0WGL6
SEDOL: C0BY9G8
LSE ticker: DEMM
Issue date: 6 November 2026
Market: Main Market (MIC XLON), EUET segment
Trading service: ETFS – Euroclear Bank settlement
Trading currency: US dollar
Total expense ratio (TER): 0.45%
Income treatment: distributing
Management style: passive
Underlying asset class: equity
Country of share register: Ireland
The share class was also admitted to trading on Xetra on 6 November 2026 under the code LMEM, and on Borsa Italiana’s ETFplus segment on the same date.
The FTSE Emerging All Cap Dividend Growth with Quality index
The ETF replicates the FTSE Emerging All Cap Dividend Growth with Quality Net Tax Index. The starting universe is the FTSE Emerging All Cap Index, which covers large-, mid- and small-cap companies in emerging markets.
The index selects stocks based on three characteristics:
positive dividend growth;
a relatively higher forward dividend yield;
enhanced exposure to the quality factor.
The index is reviewed twice a year. At each review, companies with a negative or zero return on equity are excluded, along with companies that do not meet specific ESG criteria. The methodology also excludes companies belonging to certain ICB subsectors.
According to the issuer, the fund aims to provide exposure to emerging market companies with higher-than-average dividend and quality characteristics. Screening covers the balance sheet, the income statement and ESG profiles.
Monthly and quarterly classes of the same fund
The fund already has a USD distributing share class (ISIN IE00BMYDMC42), launched in July 2021 and traded on the London Stock Exchange under the ticker LDEM. That class pays income quarterly and has the same TER of 0.45%. The new DEMM class offers the same exposure with monthly payments.
The fund has recently changed its structure. In August 2026, Legal & General UCITS ETF Plc called an extraordinary general meeting for 9 September 2026 to vote on proposed changes to the sub-fund, then named L&G Emerging Markets Quality Dividends Equal Weight UCITS ETF. The proposals were:
a revised investment objective, moving from exposure to companies “weighted according to their quality characteristics” that pay higher-than-average dividends, to exposure to companies with higher-than-average dividend and quality characteristics;
a new name, L&G Emerging Markets Quality Dividends UCITS ETF, without the “Equal Weight” reference;
a new benchmark, the FTSE Emerging All Cap Dividend Growth with Quality Net Tax Index, replacing the FTSE Emerging All Cap ex CW ex TC ex REITS Dividend Growth with Quality Net Tax Index.
L&G’s monthly distributing ETF range
DEMM is the second monthly distributing share class listed by Legal & General UCITS ETF Plc on the London Stock Exchange in a few weeks. On 16 October 2026, the company listed the L&G Global Equity UCITS ETF – USD Distributing (M) (ISIN IE000GT6BRH3), which tracks the Solactive Core Developed Markets Large & Mid Cap Index with a TER of 0.10%.
Currency considerations for UK investors
The share class is denominated and traded in US dollars on the London Stock Exchange. Investors who measure returns in sterling are exposed to movements in the GBP/USD exchange rate, in addition to movements in the emerging market currencies of the underlying companies.
Conclusions
From 6 November 2026, investors on the London Stock Exchange can access the L&G Emerging Markets Quality Dividends UCITS ETF through a monthly distributing share class, ticker DEMM. The ETF tracks an emerging markets index that selects companies by dividend growth, forward yield, quality and ESG criteria, with a TER of 0.45%. The quarterly distributing class LDEM remains available. The choice between the two classes depends on the payment frequency the investor requires.
Source: ETFWorld.co.uk
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