Invesco Emerging Markets Revenue ETF (REEM)
Invesco Emerging Markets Revenue ETF operates in the Asset Management industry of the Financial Services sector. The stock last traded at $24.58, down 0.30% on the session, giving a market capitalisation of $11.8M. Its beta of 0.00 implies it has historically moved less than the broad market.
The Invesco Emerging Markets Revenue ETF (REEM) seeks to replicate the gross investment returns, prior to any fees or expenses, of the Invesco Revenue Weighted Emerging Markets Index. The fund's investment strategy involves allocating a minimum of 90% of its total capital to the specific securities that constitute its benchmark index. This also extends to American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs) which represent those underlying index components. The Invesco Revenue Weighted Emerging Markets Index itself draws its constituent securities from the broader MSCI Emerging Markets Index. The latter is a widely recognized benchmark designed to measure the performance of prominent large and mid-sized companies operating within developing economies. It is important to note that REEM operates as a non-diversified fund.
Invesco Emerging Markets Revenue ETF is most often compared with the following Financial Services names: