Rayliant Quantamental Emerging Market Equity ETF (RAYE)
Rayliant Quantamental Emerging Market Equity ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Newport Beach, DE, US. The stock last traded at $29.00, down 1.26% on the session, giving a market capitalisation of $78.0M. Its beta of 0.85 implies it has historically moved less than the broad market.
This ETF typically allocates a minimum of 80% of its investable capital, encompassing both its net assets and any borrowed funds for investment purposes, to equity instruments of companies operating in emerging markets. The advisor considers a company to be an emerging market entity if it is incorporated or primarily conducts its business in such a country. Its equity holdings are predominantly common shares and various forms of depositary receipts, which include unsponsored types, but may also extend to preferred stock and shares of other investment funds.
Rayliant Quantamental Emerging Market Equity ETF is most often compared with the following Financial Services names: