PEMX
Putnam Emerging Markets ex-China ETF
stock NYSE ETF

0.72% expense ratio on EEM. Why does anyone buy this? The 5 year return is .93% ☠️
The fund managers are the only ones winning that game.
On the other hand, if you look at an ex-China fund like XCEM with .16% ER, you at least got 7.5% CAGR since 2015.
Another one, PEMX has only been around since 2023, but so far it’s doing almost as good as VTI during that time period.
China didn’t help emerging market funds. Russia was a super tiny percentage, but that certainly didn’t boost performance.
Issues:
You are dealing with currency devaluation. Also, often the stock market of some countries isn’t capturing the growth of the local economy.
Heck, if you look at a developed market with London Stock Exchange, FTSE 100 (there are long periods were its flat, it’s only in the last 2 years it’s done anything price wise).

0.72% expense ratio on EEM. Why does anyone buy this? The 5 year return is .93% ☠️
The fund managers are the only ones winning that game.
On the other hand, if you look at an ex-China fund like XCEM with .16% ER, you at least got 7.5% CAGR since 2015.
Another one, PEMX has only been around since 2023, but so far it’s doing almost as good as VTI during that time period.
China didn’t help emerging market funds. Russia was a super tiny percentage, but that certainly didn’t boost performance.
Issues:
You are dealing with currency devaluation. Also, often the stock market of some countries isn’t capturing the growth of the local economy.
Heck, if you look at a developed market with London Stock Exchange, FTSE 100 (there are long periods were its flat, it’s only in the last 2 years it’s done anything price wise).