RNEM Emerging Market Equity Select ETF

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RNEM Emerging Market Equity Select ETF

Seeks to track, before fees and expenses, the Nasdaq Riskalyze Emerging Markets Index. The index selects securities from the Nasdaq Emerging Markets Large Mid Cap Index based on factors such as liquidity and volatility. To be eligible for inclusion in the index, the securities must meet certain criteria, including: 1) a minimum three-month average daily dollar trading volume of $5 million, and 2) having traded on an eligible exchange for at least one calendar year. Eligible securities are ranked by trailing twelve month volatility within their respective countries. The 25 securities with the lowest volatility from each country are selected (or all securities if less than 25 qualify). Weights are assigned that are equal to the country and sector weights within the Nasdaq Emerging Markets Large Mid Cap Index. The index weighting methodology includes a maximum weight cap of 3% to prevent high concentrations among larger stocks. The index is rebalanced and reconstituted on a semi-annual basis. The number of stocks in the Index will change and totalled 256 as of June 27, 2017.

$40.50  -0.68 (-1.66%)
As of 09/23/2022 16:00:00 EST     IEX book   CBOE book


ETF Information
Sponsor:     First Trust
Category1:  Global Equity
Category2:  Emerging markets
Category3:  Large and mid cap
Morningstar category:  Diversified Emerging Mkts
Leverage factor:  1.00
Inception date:  06/20/2017
Index tracking method: Passive replication
Current yield:  2.81%
Historical average yield:  3.19%
Market cap:  $7,948,079
Average volume:  1,704
Fees:     0.7500%

Index Information
Nasdaq Riskalyze Emerging Markets Index
Index symbol:  NQRSKEM
Provider:   NASDAQ OMX
Total return index symbol:  NQRSKEMT
Index weighting:   Other
Index inception date:  06/13/2017
Backtesting data exists:   Yes
Number of holdings:  256
Strategy:  Low volatility
Factors used to select securities:

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