Global X Next Emerging & Frontier ETF (EMFM) is an exchange-traded fund that seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Next Emerging & Frontier Model Index. The fund invests at least 80% of its total assets in securities that comprise the underlying index, which includes equity securities of companies from the next tier of emerging and frontier markets; the index targets countries with relatively low market accessibility as measured by institutional investor accessibility metrics, institutional investor allocations, and country governance scores. EMFM offers investors targeted exposure to higher-growth potential markets beyond traditional emerging economies, such as select African, Asian, and Latin American frontier nations; it employs a passive management strategy with quarterly rebalancing to track the index.
The fund operates within the asset management industry, focusing on international equity segments for institutional and retail investors seeking diversification into less-developed markets. Its target customers include portfolio managers, financial advisors, and individual investors interested in long-term capital appreciation from underrepresented global regions. Geographically, EMFM provides exposure to countries across emerging Asia (e.g., Bangladesh, Vietnam), frontier Africa (e.g., Nigeria, Kenya), and other regions like Latin America and the Middle East, with holdings diversified across sectors such as financials, consumer discretionary, and materials.
Global X ETFs, the issuer, is headquartered in New York and part of Mirae Asset Global Investments, a South Korea-based firm founded in 1998 that manages over $200 billion in assets worldwide. EMFM was launched in 2013 to capture growth in next-wave economies. In recent developments, as of 2024, the fund benefited from increased investor interest in frontier markets amid global diversification trends; Mirae Asset announced strategic enhancements to its ETF suite, including expanded distribution partnerships in Europe and Asia, though no major acquisitions or name changes specific to EMFM were reported in the last 1-2 years.