Vannelli manages $600 million in knowledge leaders strategies, including ETFs, separately managed accounts and a mutual fund.
KLEM is attractive for other reasons, including its robust exposure to the emerging markets consumer spending theme. The new ETF’s underlying index allocates nearly 45% of its combined weight to the consumer discretionary and staples sector. The index’s second-largest sector weight is 21.1% to technology, indicating KLEM delivers on the promise of being a legitimate alternative to old guard emerging markets ETFs by steering away from excessive energy and financial services weights. Those sectors combine for just 1% of KLEM’s index. [Top EM Consumer ETFs]
KLEM charges 0.95% per year.
Chart Courtesy: Gavekal Capital