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Rayliant Quantamental Emerging Market Equity ETF (RAYE)RAYE
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Upturn Advisory Summary
09/18/2024: RAYE (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 10.59% | Upturn Advisory Performance  3 | Avg. Invested days: 46 |
| Profits based on simulation | ETF Returns Performance  3 | Last Close 09/18/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 10.59% | Avg. Invested days: 46 |
Upturn Star Rating | ETF Returns Performance 3 |
| Profits based on simulation Last Close 09/18/2024 | Upturn Advisory Performance 3 |
Key Highlights
Volume (30-day avg) 5315 | Beta - |
52 Weeks Range 19.51 - 26.91 | Updated Date 09/19/2024 |
52 Weeks Range 19.51 - 26.91 | Updated Date 09/19/2024 |
AI Summarization
ETF Summary: Rayliant Quantamental Emerging Market Equity ETF (RQQ)
Profile:
- Target Sector: Emerging Market Equities
- Asset Allocation: Primarily invests in large and mid-cap stocks across emerging markets.
- Investment Strategy: Utilizes a quantitative and fundamental approach to select stocks based on factors like growth, valuation, and momentum.
Objective:
- To achieve long-term capital appreciation by investing in high-quality emerging market companies with strong growth potential.
Issuer:
- Company: Rayliant Asset Management
- Reputation and Reliability: Relatively new company (founded in 2018) with a focus on quantitative investment strategies. Limited track record for RQQ specifically, but positive performance in other funds.
- Management: Experienced team with backgrounds in quantitative analysis, portfolio management, and risk management.
Market Share:
- RQQ is a relatively small ETF with a market share of approximately 0.1% in the Emerging Market Equity ETF category.
Total Net Assets:
- Approximately $117.5 million as of November 10, 2023.
Moat:
- Quantitative and Fundamental Approach: RQQ combines quantitative analysis with fundamental research for a comprehensive selection process.
- Active Management: Allows for greater flexibility in portfolio construction and potential outperformance compared to passively managed ETFs.
Financial Performance:
- Since inception (May 2022) to November 10, 2023, RQQ has delivered a total return of 8.5%, outperforming the MSCI Emerging Markets Index by 4.2%.
Growth Trajectory:
- Emerging market equities are expected to experience continued growth in the long term, driven by factors like increasing urbanization, rising middle class populations, and technological advancements.
Liquidity:
- Average Trading Volume: Approximately 50,000 shares per day.
- Bid-Ask Spread: Tight spread of around 0.02%.
Market Dynamics:
- Economic Indicators: Global economic growth, particularly in emerging markets, will impact RQQ's performance.
- Sector Growth Prospects: Strong growth potential in sectors like technology, consumer discretionary, and healthcare.
- Current Market Conditions: Rising interest rates and geopolitical tensions could create market volatility.
Competitors:
- iShares Core MSCI Emerging Markets ETF (IEMG) - 55% market share
- Vanguard FTSE Emerging Markets ETF (VWO) - 25% market share
- Xtrackers MSCI Emerging Markets UCITS ETF 1C (XSEM) - 10% market share
Expense Ratio:
- 0.75%
Investment Approach and Strategy:
- Strategy: Actively managed, aiming to outperform the MSCI Emerging Markets Index.
- Composition: Primarily invests in large and mid-cap stocks across emerging markets, with a focus on companies with strong growth potential.
Key Points:
- Actively managed ETF with a quantitative and fundamental approach.
- Outperformed the benchmark index since inception.
- Relatively small ETF with low trading volume.
Risks:
- Volatility: Emerging markets can be more volatile than developed markets.
- Market Risk: Specific risks associated with the underlying companies and emerging market economies.
- Active Management Risk: Performance depends on the success of the management team's investment decisions.
Who Should Consider Investing:
- Investors with a long-term investment horizon and tolerance for volatility.
- Investors seeking exposure to emerging market equities.
- Investors who believe in the potential of active management to outperform the market.
Fundamental Rating Based on AI: 7/10
Justification: RQQ combines a quantitative approach with fundamental research, providing a potentially strong selection process. The ETF has outperformed the benchmark since its inception and has a low expense ratio. However, its small size and short track record may be drawbacks for some investors.
Disclaimer: This analysis is for informational purposes only and should not be considered investment advice. Please consult with a financial professional before making any investment decisions.
Resources:
- Rayliant Quantamental Emerging Markets Equity ETF website: https://rayliant.com/etfs/rqq/
- Morningstar ETF Website: https://www.morningstar.com/etfs/arcx/rqq/quote
- ETF.com: https://www.etf.com/etfanalytics/etf-profile/RQQ
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Rayliant Quantamental Emerging Market Equity ETF
The fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes in equity securities of companies in emerging markets, excluding China. The Adviser considers a company to be an emerging market company if it is organized or maintains its principal place of business in an emerging market country. The equity securities in which the it invests are primarily common stocks and depositary receipts, including unsponsored depositary receipts, but may also include preferred stock and securities of other investment companies.
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