Invesco MSCI Emerging Markets Equal Country Weight ETF (EWEM)
Invesco MSCI Emerging Markets Equal Country Weight ETF operates in the Asset Management - Global industry of the Financial Services sector. The stock last traded at $31.29, up 0.00% on the session, giving a market capitalisation of $12.4M. Its beta of 1.01 implies it has historically moved more than the broad market.
This fund endeavors to replicate the investment performance, before fees and expenses, of the MSCI Emerging Markets Equal Country Weighted Index. It typically allocates at least 90% of its total assets to the specific securities that constitute this index. The index itself is designed to provide balanced exposure by giving equal weighting to each nation within the broader MSCI Emerging Markets Index, while individual securities within those countries are weighted according to their market capitalization. The underlying MSCI Emerging Markets Index serves to measure the equity market performance of various developing economies. It should be noted that this fund is classified as non-diversified.
Invesco MSCI Emerging Markets Equal Country Weight ETF is most often compared with the following Financial Services names: