- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- Four Embarcadero Center, Suite 550 San Francisco CA United States of America 94111
- IPO Date
- Jan 11, 2023
- Business
- Matthews Emerging Markets Ex China Active ETF (MEMX) is an actively managed exchange-traded fund that seeks long-term capital appreciation by investing primarily in equity securities of emerging market companies, excluding those domiciled in or primarily operating in China. The fund employs a fundamental, bottom-up research process to select high-quality companies with sustainable competitive advantages, strong growth prospects, and attractive valuations across diverse sectors including financials, information technology, consumer discretionary, and industrials; it also incorporates environmental, social, and governance (ESG) factors in its investment decisions. MEMX targets institutional and retail investors seeking exposure to emerging markets growth outside China, with a focus on markets in Asia (excluding China), Latin America, Europe (emerging), the Middle East, and Africa.
Launched in 2022 and domiciled in the United States, the ETF is issued and managed by Matthews Asia Funds, a subsidiary of Matthews International Funds, with headquarters in San Francisco, California. Matthews Asia, the fund's investment adviser with over 20 years of emerging markets expertise, oversees a concentrated portfolio typically holding 30-50 securities to mitigate risk while capturing upside potential. The fund distributes dividends quarterly and maintains a low turnover strategy to optimize tax efficiency.
In the past year, MEMX benefited from Matthews Asia's strategic enhancements, including expanded analyst coverage in underrepresented emerging markets such as Vietnam, Indonesia, and India, as well as the launch of complementary strategies within the Matthews emerging markets suite to broaden investor access. No major acquisitions, funding rounds, or name changes have occurred recently; however, the fund adjusted its portfolio amid 2025 geopolitical shifts in Southeast Asia, increasing allocations to resilient consumer staples and technology firms. These operational refinements underscore Matthews Asia's commitment to adaptive active management in volatile emerging markets environments.