EEMXSPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF
EEMX Fund Description
EEMX tracks a subset of the MSCI Emerging Markets Index that excludes companies that own fossil fuel reserves.
EEMX Factset Analytics Insight
EEMX holds a subset of the MSCI Emerging Markets Index (the parent index), divesting itself of companies that own fossil fuel reserves. The parent index excludes small-cap stocks and provides exposure to across 23 emerging market countries. Fossil fuel reserves are defined as coal, oil, or natural gas reserves for energy purposes. Companies that hold these reserves are removed from the parent index, and the remaining companies are given market-cap-weighting. Firms in the energy, utilities, and diversified metals & mining sector can be included, given that it doesn’t own fossil fuel reserves or have businesses from energy application of fossil fuels. Expect minor sector tilts due to the removal of companies that rely on fossil fuels. The index is rebalanced quarterly starting each February.
EEMX MSCI ESG Analytics Insight
SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF has an MSCI ESG Fund Rating of A based on a score of 6.27 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF ranks in the 37th percentile within its peer group and in the 50th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
EEMX MSCI FaCS and Factor Box
MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.
EEMX Summary Data
EEMX Portfolio Data
EEMX Index Data
EEMX Portfolio Management
EEMX Tax Exposures
EEMX Fund Structure
EEMX Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of EEMX. EEMX is rated a 4 out of 5.
EEMX Top 10 Holdings[View All]
EEMX Economic Development
EEMX Performance Statistics
EEMX MSCI ESG Ratings
EEMX Benchmark Comparison Summary
EEMX Benchmark Comparison Market Cap Size