- What does EMKT invest in?
- The EMKT fund primarily targets equity investments in companies that conduct their main business operations within emerging market nations, specifically those recognized by the MSCI Emerging Markets universe. While its core holdings consist of common stocks, the fund also has the flexibility to incorporate preferred and convertible securities, alongside depositary receipts. The investment methodology prioritizes identifying businesses whose valuation appears low when measured against their earnings, cash flows, or asset base. Although the fund is authorized to invest across various market capitalizations, its portfolio may occasionally exhibit a higher concentration in larger companies, depending on prevailing market conditions. Furthermore, due to its bottom-up stock selection process, rather than top-down allocation strategies, the portfolio might, at times, show a significant weighting in particular sectors or regions. As a standard operating procedure, at least 80% of the fund's net assets are committed to emerging market-linked securities. EMKT originated from a conversion of the Lazard Emerging Markets Core Equity portfolio, commencing with an asset base of $123.8 million.
- What is the expense ratio of EMKT?
- Lazard Emerging Markets Opportunities ETF (EMKT) charges an expense ratio of 0.74%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is EMKT?
- Lazard Emerging Markets Opportunities ETF (EMKT) manages $170.2M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.
- Is EMKT actively managed or an index fund?
- EMKT is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (EMKT's is 0.74%) in exchange for the discretion to over- or under-weight positions.
- When was EMKT launched?
- Lazard Emerging Markets Opportunities ETF (EMKT) launched in October 2013 and is managed by Lazard.
- How has EMKT performed?
- EMKT's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.
