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ETFs

PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF

MFEM
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Aug 31 2017
Expense Ratio
0.51%
Type
Global Ex. US Equities
Fund Owner
PIMCO
Volume (1m avg. daily)
$137,499
AUM
$90,299,311
Associated Index
RAFI Dynamic Multi-Factor Emerging Market Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
YUAN RENMINBI OFFSHORE
24.16%
PETR4
Petroleo Brasileiro S.A. Petrobras - PRF PERPETUAL BRL 26.30 - Cls B
8.09%
005490
POSCO Holdings Inc
7.40%
2382
Quanta Computer
5.06%
2317
Hon Hai Precision Industry
4.63%
3231
Wistron Corp
4.56%
005380
Hyundai Motor
4.32%
532540
Tata Consultancy Services Ltd.
3.67%
386
China Petroleum & Chemical Corp - Ordinary Shares - Class H
3.55%
VALE3
Vale S.A.
3.33%
Invest with MFEM

What is MFEM?

PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity Exchange-Traded Fund is a smart beta strategy that seeks to track the investment results of the RAFI Dynamic Multi-Factor Emerging Markets Index. The fund is designed to provide investors with the benefits of dynamically-weighted exposure to multiple equity factors, including value, quality, low volatility and momentum an approach that can improve excess return potential. The RAFI Dynamic Multi-Factor EM index strategy takes time-varying exposures to four return factors; value, low volatility, quality, and momentum. The index uses recent and historical metrics to tilt toward factor portfolios which are particularly attractive on a forward looking basis.

ETFs related toMFEM

ETFs correlated to MFEM include DFEV, FNDE, AVEM

MFEM
Pimco Equity Series - PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF
DFEV
Dimensional ETF Trust - Dimensional Emerging Markets Value ETF
FNDE
Schwab Strategic Trust - Schwab Fundamental Emerging Markets Large Company Index ETF
AVEM
American Century ETF Trust - Avantis Emerging Markets Equity ETF
DFAE
Dimensional ETF Trust - Dimensional Emerging Core Equity Market ETF
DFEM
Dimensional ETF Trust - Dimensional Emerging Markets Core Equity 2 ETF
IEMG
BlackRock Institutional Trust Company N.A. - iShares Core MSCI Emerging Markets ETF
EMGF
BlackRock Institutional Trust Company N.A. - iShares Emerging Markets Equity Factor ETF
DEM
WisdomTree Trust - WisdomTree Emerging Markets High Dividend Fund
EEM
BlackRock Institutional Trust Company N.A. - iShares MSCI Emerging Markets ETF
EDC
Direxion Shares ETF Trust - Direxion Daily Emerging Markets Bull 3X Shares

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toMFEM

#PTI

Pick the Trending Index

Category

Momentum, Grow Your Portfolio, Ride the Momentum

Risk Rating

Aggressive

#EMH

Emerging Markets with a Bond Hedge

Category

Momentum, Be Risk Aware, Diversification

Risk Rating

Aggressive

Create your own algorithmic trading strategy with MFEM using Composer

FAQ

MFEM is a Global Ex. US Equities ETF. PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity Exchange-Traded Fund is a smart beta strategy that seeks to track the investment results of the RAFI Dynamic Multi-Factor Emerging Markets Index. The fund is designed to provide investors with the benefits of dynamically-weighted exposure to multiple equity factors, including value, quality, low volatility and momentum an approach that can improve excess return potential. The RAFI Dynamic Multi-Factor EM index strategy takes time-varying exposures to four return factors; value, low volatility, quality, and momentum. The index uses recent and historical metrics to tilt toward factor portfolios which are particularly attractive on a forward looking basis.

MFEM tracks the RAFI Dynamic Multi-Factor Emerging Market Index.

No, MFEM is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, MFEM is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on MFEM is -0.0013%. This is the percent change in the value of MFEM over the most recent 1-month period. The 3-month return on MFEM is 0.0077%. This is the percent change in the value of MFEM over the most recent 3-month period.

The standard deviation of MFEM for the past year is 0.1513%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to MFEM include PBW, IGF, and ARKK.

ETFs correlated to MFEM include DFEV, FNDE, and AVEM.

ETFs that are inversely correlated to MFEM include EDZ, EFZ, and YANG.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.