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ETFs

Putnam Emerging Markets ex-China ETF

PEMX
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
May 17 2023
Expense Ratio
0.85%
Type
Global Ex. US Equities
Fund Owner
Putnam Investments
Volume (1m avg. daily)
$4,374
AUM
$6,168,000
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

2330
Taiwan Semiconductor Manufacturing
10.52%
532174
ICICI Bank Ltd.
5.78%
005930
Samsung Electronics
5.15%
000660
SK Hynix Inc
3.27%
517569
KEI Industries Ltd.
3.27%
GFNORTEO
Grupo Financiero Banorte - Ordinary Shares - Class O
3.15%
2345
Accton Technology Corp.
2.80%
INDHOTEL
Indian Hotels Co. Ltd.
2.75%
532540
Tata Consultancy Services Ltd.
2.60%
ADIB
Abu Dhabi Islamic Bank
2.53%
Invest with PEMX

What is PEMX?

The fund invests mainly in common stocks (growth or value stocks or both) of emerging market companies of any size that the fund's investment manager, Putnam Investment Management, LLC believes have favorable. Under normal circumstances, the fund invests at least 80% of the fund's net assets in securities of emerging market companies excluding companies domiciled, or whose stock is listed for trading on an exchange, in China, as well as companies domiciled in Hong Kong.

ETFs related toPEMX

ETFs correlated to PEMX include EMXC, XCEM, EWT

PEMX
Putnam ETF Trust - Putnam Emerging Markets ex-China ETF
EMXC
BlackRock Institutional Trust Company N.A. - IShares MSCI Emerging Markets ex China ETF
XCEM
Columbia ETF Trust II - Columbia EM Core ex-China ETF
EWT
BlackRock Institutional Trust Company N.A. - iShares MSCI Taiwan ETF
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
ACWI
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI ETF
STXE
EA Series Trust - Strive Emerging Markets Ex-China ETF
DNL
WisdomTree Trust - WisdomTree Global ex-U.S. Quality Dividend Growth Fund
CRBN
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI Low Carbon Target ETF
VT
Vanguard Group, Inc. - Vanguard Total World Stock ETF
CWI
SSgA Active Trust - SPDR MSCI ACWI ex-US ETF

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 toPEMX

#DB

Diversification at its Best

Category

Tactical Asset Allocation, Be Risk Aware, Diversification

Risk Rating

Moderate

#PTI

Pick the Trending Index

Category

Momentum, Grow Your Portfolio, Ride the Momentum

Risk Rating

Aggressive

Create your own algorithmic trading strategy with PEMX using Composer

FAQ

PEMX is a Global Ex. US Equities ETF. The fund invests mainly in common stocks (growth or value stocks or both) of emerging market companies of any size that the fund's investment manager, Putnam Investment Management, LLC believes have favorable. Under normal circumstances, the fund invests at least 80% of the fund's net assets in securities of emerging market companies excluding companies domiciled, or whose stock is listed for trading on an exchange, in China, as well as companies domiciled in Hong Kong.

Yes, PEMX is actively 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.

No, PEMX is not passively managed. It is actively 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 PEMX is -0.0265%. This is the percent change in the value of PEMX over the most recent 1-month period. The 3-month return on PEMX is -0.0191%. This is the percent change in the value of PEMX over the most recent 3-month period.

ETFs similar to PEMX include EZU, VEA, and EFA.

ETFs correlated to PEMX include EMXC, XCEM, and EWT.

ETFs that are inversely correlated to PEMX include EDZ, EFZ, and SPXU.

Disclaimers

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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.