Legg Mason Emerging Markets Low Volatility High Dividend ETF (LVHE)
Legg Mason Emerging Markets Low Volatility High Dividend ETF operates in the Asset Management - Global industry of the Financial Services sector. The stock last traded at $21.18, up 0.69% on the session, giving a market capitalisation of $2.6M. Its beta of 0.74 implies it has historically moved less than the broad market.
This investment vehicle seeks to replicate the returns of the QS Emerging Markets Low Volatility High Dividend Hedged Index. The fund allocates at least 80% of its net assets, potentially supplemented by borrowed capital, to the securities that make up its benchmark index. The underlying index's objective is to deliver consistent income by investing in financially robust companies within non-U.S. emerging markets. These selected companies typically exhibit relatively high current or anticipated dividend yields, coupled with reduced price and earnings volatility. An additional feature of the index is its strategy to minimize exposure to currency fluctuations between the U.S. dollar and the respective currencies of its constituent holdings.
Legg Mason Emerging Markets Low Volatility High Dividend ETF is most often compared with the following Financial Services names: