- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 605 Third Avenue, 43rd Floor New York NY United States of America 10158
- IPO Date
- May 16, 2023
- Business
- Global X Emerging Markets ex-China ETF (EMM) is an actively managed exchange-traded fund that seeks long-term capital growth by investing at least 80% of its net assets in equity securities of issuers in emerging markets outside China or economically tied to such markets; it provides dynamic growth potential across structural, cyclical, and turnaround opportunities with a focus on high-quality growth areas in smaller or overlooked markets including India, Taiwan, Brazil, South Korea, Saudi Arabia, Mexico, and Southeast Asia. The fund's portfolio spans diversified sectors such as information technology (approximately 33-41%), financials (23-26%), consumer discretionary, consumer staples, industrials, energy, communication services, materials, real estate, utilities, and health care; top holdings typically include Global X India Active ETF (NDIA, around 25-28%), Taiwan Semiconductor Manufacturing Company (TSM, 15-16%), Global X Brazil Active ETF (BRAZ, 7-9%), Samsung Electronics, MediaTek, SK Hynix, Al Rajhi Bank, and others, with a weighted average market cap of $13-18 billion, price-to-earnings ratio of 16-19, and price-to-book value of 2.3-2.8. Launched in 2013 as an emerging markets fund and converted from a mutual fund to an ETF in 2023 by Global X Management Company LLC in partnership with Mirae Asset Global Investments (Hong Kong) Limited as sub-adviser, EMM underwent a significant strategic pivot on April 1, 2024, when it was renamed from Global X Emerging Markets ETF and shifted its strategy to explicitly exclude China exposure, enabling greater capacity for non-China emerging markets amid rising investor demand for such differentiated opportunities while maintaining the same investment objectives, process, and management team. Headquartered in New York with the issuer Global X Management Company LLC, the fund trades on NYSE Arca under ticker EMM and targets institutional and retail investors seeking emerging markets growth without China risk, with net assets around $28-30 million as of late 2025.