First Trust Emerging Markets Equity Select ETF
RNEM
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- First Trust Emerging Markets Equity Select ETF (RNEM) is an exchange-traded fund that seeks investment results tracking the Select Emerging Markets Equity Index, focusing on equity securities of companies in emerging market countries. The fund provides exposure to a diversified portfolio of emerging markets equities selected based on factors including quality, momentum, and low volatility; it emphasizes large- and mid-capitalization companies across sectors such as financials, information technology, consumer discretionary, and materials. RNEM offers investors a rules-based, transparent approach to emerging markets investing with daily liquidity and tax efficiency typical of ETFs. Operated by First Trust Advisors LP, the fund was launched in 2021 and is domiciled in the United States with its sponsor headquartered in Wheaton, Illinois. It targets institutional and retail investors seeking growth opportunities in emerging economies including China, India, Taiwan, Brazil, and South Africa, among others. The ETF employs a selective indexing methodology to overweight attractively valued stocks while mitigating downside risk through quantitative screens. In recent developments, RNEM benefited from First Trust's strategic enhancements to its ETF suite, including expanded factor-based offerings amid rising demand for smart beta strategies in volatile markets as of 2025. The fund has seen increased assets under management following First Trust's partnerships with global index providers and its focus on alpha-generating tilts in emerging markets. No major acquisitions or rebrands have been reported for RNEM specifically within the last two years, though First Trust continues to innovate with low-cost, thematic extensions in its broader lineup.