Victory Capital, begun trading the Victory CEMP Emerging Market Volatility Wtd Index ETF (Nasdaq: CEZ) on Wednesday, March 23, 2016. Here is a synopsis of the new ETF:
FUND INFORMATION:
| Symbol: CEZ | Exchange: NASDAQ |
| Name: Victory CEMP Emerging Market Volatility Wtd Index ETF | Net Expense Ratio: 0.50% |
FUND OBJECTIVE:
The Victory CEMP Emerging Market Volatility Wtd Index ETF seeks to provide investment results that track the performance of the CEMP Emerging Market 500 Volatility Weighted Index (before fees and expenses).
REFERENCE INDEX:
The CEMP Emerging Market 500 Volatility Weighted Index consists of 500 of the largest emerging market country stocks with consistent positive earnings. These stocks are then weighted based on their standard deviation (volatility).
The Index universe begins with all publicly traded stocks domiciled in the Emerging Market countries, then screens for all companies with consistent net positive earnings for 4 consecutive quarters.
The Index identifies up to the 500 largest Emerging Market stocks by market capitalization.
The remaining 500 stocks are weighted based on their daily standard deviation (volatility) over the last 180 trading days compared to the aggregate mean.
The Index is reconstituted every March and September.
Index Top 10 Holdings (02/29/16):
| Chunghwa Telecom Co., Ltd | 0.73% |
| Hong Leong Bank Bhd. | 0.55% |
| Taiwan Cooperative Financial Holding Co., Ltd. | 0.53% |
| Banco de Chile | 0.52% |
| First Financial Holding Co., Ltd. | 0.50% |
| Aguas Andinas S.A. Series A | 0.49% |
| Hua Nan Financial Holdings Co., Ltd. | 0.43% |
| IJM Corp. Bhd. | 0.43% |
| Hypermarcas S.A. | 0.43% |
| Empresa Nacional de Electricidad S.A. | 0.42% |
Country Weightings (02/29/16):
| Taiwan | 11.9% |
| China | 11.5% |
| Korea | 9.7% |
| India | 9.5% |
| Malaysia | 8.7% |
| Thailand | 6.5% |
| South Africa | 6.4% |
| Philippines | 5.2% |
| Mexico | 4.9% |
| Indonesia | 4.7% |
Useful Links:
CEZ Home Page
Category: Equities> Emerging Equity Markets> Emerging Markets Equity Strategy
ETFtrack comment:
Here is a comment from Stephen Hammers, Chief Investment Officer for Victory’s CEMP franchise:
“Emerging markets account for a larger share of the global economy than they have in the recent past and represent a great investment opportunity. We are very excited to expand our existing ETF line-up to include a fund that may offer a risk conscious and tax efficient solution for investors seeking to diversify their portfolios through exposure to emerging markets.”
Victory Capital is a multi-boutique asset management firm, headquartered in Cleveland, OH. As of December 31, 2015, the firm had approximately $33.1 billion in assets under management and advisement.