Avantis Responsible Emerging Markets Equity ETF (AVSE)
Avantis Responsible Emerging Markets Equity ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Kansas City, MO, US. The stock last traded at $78.42, up 1.60% on the session, giving a market capitalisation of $238.2M. Its beta of 1.07 implies it has historically moved more than the broad market.
AVSE limits its investable universe of stocks in emerging markets by initially screening out those that do not meet multiple ESG metrics. Portfolio managers utilize third party ESG data and scoring systems combined with a proprietary screening model to exclude stocks from investment consideration. The companies remaining are evaluated based on fundamental criteria, selecting stocks perceived to have higher profitability or lower valuations. As a result, the portfolio tends to overweight small-cap growth stocks. Holdings may include securities denominated in foreign currencies. Eligibility for inclusion is determined at the time of purchase. Should the ESG assessment of a portfolio holding change, the fund managers are not obligated to sell the security. The fund performance relies on efficient portfolio management and trading process to reduce unnecessary risks and transaction costs. The fund is able to engage in securities lending.
Avantis Responsible Emerging Markets Equity ETF is most often compared with the following Financial Services names: