Related: Rebounding U.S. Dollar Lifts Currency Hedged ETFs

EMEM holds about 560 equity positions, none of which account for more than 2.75% of the new ETF’s weight.

In an extended bull run, U.S. markets have rallied to record highs but they are now trading at lofty valuations relative to historical averages. On the other hand, international markets that have mostly lagged behind the outperformance in U.S. equities, prior to this year, remain attractively priced.

EMEM charges 0.68% per year, or $68 on a $10,000 investment.

For more information on new fund products, visit our new ETFs category.