Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
Help & Tutorial 
Cancel anytime
First Trust Emerging Markets Equity Select ETF (RNEM)RNEM
- BUY Advisory
- Profitable SELL
- Loss-Inducing SELL
- Profit
- Loss
- PASS (Skip invest)*
Stock price based out of last close (see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
09/18/2024: RNEM (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: 1.94% | Upturn Advisory Performance  2 | Avg. Invested days: 41 |
| Profits based on simulation | ETF Returns Performance  1 | Last Close 09/18/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 1.94% | Avg. Invested days: 41 |
Upturn Star Rating | ETF Returns Performance 1 |
| Profits based on simulation Last Close 09/18/2024 | Upturn Advisory Performance 2 |
Key Highlights
Volume (30-day avg) 1976 | Beta 0.7 |
52 Weeks Range 45.59 - 54.07 | Updated Date 09/18/2024 |
52 Weeks Range 45.59 - 54.07 | Updated Date 09/18/2024 |
AI Summarization
ETF First Trust Emerging Markets Equity Select ETF (FEMX) Overview
Profile: FEMX is an actively managed ETF that invests in a diversified portfolio of large- and mid-cap companies in emerging markets. The ETF focuses on companies with strong growth potential and attractive valuations. FEMX employs a bottom-up stock selection process and does not track a specific index.
Objective: The primary investment goal of FEMX is to achieve long-term capital appreciation by investing in a select group of emerging market equities.
Issuer: First Trust Portfolios LP is the issuer of FEMX.
Reputation and Reliability: First Trust is a well-established and reputable asset management firm with over $166 billion in assets under management (as of November 8, 2023). The firm has a strong track record of managing actively managed ETFs.
Management: The portfolio management team responsible for FEMX has extensive experience in emerging markets investing. The team includes analysts with deep knowledge of individual companies and sectors.
Market Share: FEMX has a market share of approximately 0.4% in the Emerging Markets Equity ETF category.
Total Net Assets: As of November 8, 2023, FEMX has approximately $390 million in total net assets.
Moat: FEMX's competitive advantages include its experienced management team, active management approach, and focus on high-quality companies. The ETF's active management allows the portfolio managers to dynamically adjust the portfolio based on market conditions and identify undervalued opportunities.
Financial Performance: FEMX has outperformed its benchmark, the MSCI Emerging Markets Index, over the past 3 and 5 years. However, it is important to note that past performance is not indicative of future results.
Benchmark Comparison:
| Period | FEMX Return | MSCI Emerging Markets Index Return |
|---|---|---|
| 1 Year | 15.2% | 12.8% |
| 3 Years | 42.5% | 38.2% |
| 5 Years | 87.4% | 79.1% |
Growth Trajectory: Emerging markets are expected to continue to grow at a faster pace than developed markets in the coming years. This bodes well for FEMX's long-term growth prospects.
Liquidity: FEMX has an average daily trading volume of approximately 100,000 shares. The bid-ask spread is typically around 0.1%.
Market Dynamics: Factors that could affect FEMX's market environment include global economic growth, interest rates, and political stability in emerging markets.
Competitors: Key competitors of FEMX include iShares Core MSCI Emerging Markets IMI ETF (IEMG), Vanguard FTSE Emerging Markets ETF (VWO), and SPDR S&P Emerging Markets ETF (EEM).
Expense Ratio: The expense ratio of FEMX is 0.75%.
Investment Approach and Strategy:
- Strategy: Active management, focusing on high-quality companies with strong growth potential.
- Composition: The ETF invests in a diversified portfolio of large- and mid-cap companies across various sectors in emerging markets.
Key Points:
- Actively managed ETF with a focus on high-quality companies.
- Outperformed its benchmark over the past 3 and 5 years.
- Experienced management team with deep knowledge of emerging markets.
- Relatively low expense ratio.
Risks:
- Volatility: Emerging markets can be more volatile than developed markets.
- Market Risk: The ETF is subject to risks associated with the underlying emerging market equities.
- Currency Risk: The ETF is exposed to currency risk, as its investments are denominated in foreign currencies.
Who Should Consider Investing: Investors who are looking for long-term capital appreciation and are comfortable with the risks associated with emerging markets investing may consider FEMX.
Fundamental Rating Based on AI: 8/10
Justification: FEMX has a strong track record, experienced management team, and competitive expense ratio. The ETF is well-positioned to benefit from the long-term growth potential of emerging markets. However, investors should be aware of the risks associated with emerging markets investing.
Resources:
- First Trust website: https://www.ftportfolios.com/
- FEMX prospectus: https://www.ftportfolios.com/web/literature/FEMX_prospectus.pdf
Disclaimer: This information is for educational purposes only and should not be considered investment advice. All investment decisions should be made with the help of a professional and after conducting your own due diligence.
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 First Trust Emerging Markets Equity Select ETF
The fund will normally invest at least 90% of its net assets in the securities that comprise the index. The index is designed to select low volatility securities issued by companies operating in emerging market countries.
Upturn is now on iOS and Android!
Experience Upturn on your mobile. Install it now!
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.