The PowerShares S&P Emerging Markets Low Volatility Portfolio (NYSEArca: EELV) has been even better on the performance front with a 5.8% loss since May 1, although EELV has lagged in terms of asset-gathering. Still, almost $23 million in new assets over the past six weeks is pretty good for any emerging markets ETF.
Both ETFs are helped by relatively allocations to the BRIC nations, Brazil and China combine for less than 11% of EELV’s weight. EELV and EEMV have also been helped by their allocations to Taiwan. EELV devotes 17.3 percent to Taiwan, one of the lower beta emerging markets, while EEMV features a 16.8% weight to that country.
It is worth noting that over the past six weeks, the iShares MSCI Taiwan Index Fund (NYSEArca: EWT) is down just 2.8% and has brought in almost $68.5 million in new assets, according to Index Universe.
iShares MSCI Emerging Markets Minimum Volatility Index Fund
ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of EEM.