Putnam Emerging Markets Ex-China ETF
PEMX
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 100 Federal Street Boston MA United States of America 2110
- IPO Date
- May 31, 2023
- Website
- franklintempleton.com
- Similar Companies
- Business
- Putnam Emerging Markets Ex-China ETF (PEMX) is an actively managed exchange-traded fund that seeks long-term capital appreciation by investing primarily in common stocks of emerging market companies, excluding those domiciled in or listed on exchanges in China or Hong Kong; it employs a concentrated, best-ideas approach targeting 30-60 high-conviction names with a focus on mispriced earnings, quality bias, and an asymmetric return profile. PEMX invests at least 80% of its net assets in equity securities of emerging market companies across growth and value styles and all market capitalizations, with key geographic allocations including Taiwan (26.37%), South Korea (20.40%), and India (18.70%) as of October 31, 2025; top holdings feature Taiwan Semiconductor Manufacturing Company Limited (15.06%), SK hynix Inc. (4.93%), and ICICI Bank Limited (3.99%). The fund, which lists on NYSE Arca under ticker PEMX (CUSIP 746729847), benchmarks against the MSCI Emerging Markets ex-China Index-NR, distributes dividends annually, and maintains total net assets of approximately $16.60 million with 48 issuers. Launched on May 17, 2023 by Putnam Investments, a Boston-headquartered asset manager founded in 1937 and now a subsidiary of Franklin Templeton following its January 2024 acquisition from Great-West Lifeco for $925 million, PEMX represents part of Putnam's expansion into actively managed ETFs. In a recent strategic update effective July 1, 2025, the fund reduced its all-inclusive management fee from 0.85% to 0.69% to enhance competitiveness. Putnam, with global offices in London, Tokyo, Frankfurt, Sydney, and Singapore, continues to integrate its equity strategies within Franklin Templeton's broader platform, including plans announced in May 2025 to convert 10 Putnam municipal bond mutual funds to ETFs.