Nationwide Maximum Diversification Emerging Markets Core Equity ETF (MXDE)
Nationwide Maximum Diversification Emerging Markets Core Equity ETF operates in the Asset Management - Global industry of the Financial Services sector. The stock last traded at $23.43, down 0.04% on the session, giving a market capitalisation of $15.3M. Its beta of 0.00 implies it has historically moved less than the broad market.
This ETF's primary objective is to mirror the total return performance of the TOBAM Maximum Diversification Emerging Index, before accounting for any associated fees and expenses. Typically, under normal market conditions, at least 80% of its total assets will be allocated to the underlying securities of this index, or to other investments exhibiting substantially similar economic profiles. The index itself is strategically designed to establish a more diversified equity portfolio composed of common and preferred stocks, along with depositary receipts, issued by companies in emerging markets. This approach aims to provide broader exposure and reduce concentration compared to conventional market-capitalization-weighted benchmarks.
Nationwide Maximum Diversification Emerging Markets Core Equity ETF is most often compared with the following Financial Services names: