AVEM vs MEMA

AVEMAAvantis Emerging Markets Equity ETF

MEMAFMan Active Emerging Markets Alternative ETF

In short

AVEM Emerging markets taken whole: roughly 3,900 stocks, large down to small, with an active tilt toward cheaper and more profitable companies. Avantis charges about half the typical active EM fee to do it.

MEMA —No data

Stated mandate

AVEM Seeks long-term capital appreciation by investing in a broad range of companies across emerging-market countries and all market capitalizations.

MEMA —No data

Why people hold it

• AVEM Fee is 0.33% a year against a 0.65% median for active emerging-markets funds, so the active tilt starts from a low-cost base.
• Owns roughly 3,900 names across the MSCI Emerging Markets IMI universe, including small caps, rather than a short stock-picker's list.avantisinvestors.com
• Active, but rules-driven: the portfolio leans toward lower valuations and higher profitability instead of relying on manager hunches.
• Running since 2019 and now a multi-billion-dollar, actively traded fund. One of the strongest implementations in its emerging-markets peer group.

MEMA —No data

Worth knowing

• AVEM Emerging-market equity is a bumpy asset class, and returns arrive in dollars, so local currency swings add a second layer of movement.
• The value and profitability tilts are the whole point, which means the fund is built to drift from a plain market-cap EM index, sometimes for long stretches.
• No China carve-out: this one takes the full EM opportunity set. Avantis runs AVXC on the same approach for those who want it without China.

MEMA —No data

Full AVEM profile⁠

Full MEMA profile⁠