AVEM vs RISE

AVEMAAvantis Emerging Markets Equity ETF

RISECPictet Emerging Markets Rising Economies 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.

RISE Pictet's active take on the developing world: a stock-picking emerging markets fund that names its yardstick out loud, the MSCI Emerging Markets Index, and asks to be judged against it over a full market cycle.

Stated mandate

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

RISE The Fund seeks long-term capital appreciation. It is actively managed and seeks to outperform the MSCI Emerging Markets Index TR USD, net of fees, over a full market cycle.

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.

• RISE The mandate is specific: seek long-term capital appreciation and try to beat the MSCI Emerging Markets Index, net of fees, over a full market cycle. Easy scorecard, stated by the fund itself.
• Active, not a tracker. A manager chooses the emerging market names rather than accepting whatever weight the index hands out.
• Plain long-only equity in a standard 1940 Act fund: no leverage, options overlay or structural quirks bolted on top of the emerging market exposure.

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.

• RISE The 0.73% fee sits above the typical active emerging markets fund, and well above systematic rivals such as AVEM at 0.33% and DFEM at 0.39%.
• Small asset base and light trading: bid-ask spreads can run wider than in the category's giants, which matters most on large or hurried orders.
• Live history starts in 2026, so there is little track record yet showing whether the stock picking clears the index it targets.

Full AVEM profile⁠

Full RISE profile⁠