EMQQ, the first broad-based emerging markets internet and e-commerce exchange traded fund (ETF), has received an overall and three-year, five-star rating from Morningstar, for the period ending 31 December 2017.
There were 650 Diversified Emerging Market Funds in the Morningstar universe at that date. In assigning its ratings, Morningstar using a quantitative assessment of a fund’s past performance, incorporating both return and risk.
“We are thrilled that Morningstar has decided to give EMQQ its top Five Star rating,” says Kevin Carter, co-founder and chief executive officer of EMQQ Index. “Since inception, we have believed the fund was positioned to benefit from a number of major, long-running economic trends, in particular the rapid growth of emerging market economies and the movement of much of that economic activity onto the Internet. Our goal is for these trends to continue for many years to come.”
EMQQ turned three years old on 13 November 2017. For the three-year period ending on that date, the fund returned an average of 14.92 per cent annually, compared to 10.24 per cent for the S&P 500 and 5.70 per cent for the MSCI Emerging Markets Index.