First Trust Emerging Markets Equity Select ETF (RNEM)
First Trust Emerging Markets Equity Select ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Wheaton, IL, US. The stock last traded at $56.35, down 1.20% on the session, giving a market capitalisation of $16.1M. Its beta of 0.61 implies it has historically moved less than the broad market.
RNEM seeks stability by filtering the universe of large- and midcap emerging-market stocks for companies with historically low volatility of returns. Within each emerging market country, the fund selects the 25 stocks with the lowest volatility over the previous 12 months. The resulting portfolio is sorted into country/sector buckets, with each bucket set to market weight at each rebalance. Holdings are equal-weighted within the buckets. The funds use of a NASDAQ parent index means that it classifies both South Korea and Taiwan as emerging markets, which may not align with how they are classified in other emerging-market funds. The index is reconstituted and rebalanced semi-annually.
First Trust Emerging Markets Equity Select ETF is most often compared with the following Financial Services names: