Summary
- SPEM offers exposure to a diversified basket of EM securities in exchange for just 11 bps, with a dividend yield close to 2%.
- The Chinese equities have around 35.5% weight in the portfolio, while Hong Kong-listed stocks account for 2.2%. Indian stocks are in second place with a 16% share of the AUM.
- Large exposure to China has dented its YTD returns.
- The ETF Grades illustrate that with its small fees and low turnover (factored in the Risk grade), SPEM definitely has an edge over its peers.
- Investors seeking cheap low-turnover EM strategy for the long haul should pay attention to SPEM.
Continue reading at Seeking Alpha right here: https://seekingalpha.com/article/4460187-spem-cheap-china-heavy-em-fund-for-long-haul?utm_source=stck.pro&utm_medium=referral