EMC vs GENZ

EMCCGlobal X Emerging Markets Great Consumer ETF

GENZCVanEck Digital Native Economy ETF

In short

EMC Most consumer-theme ETFs just follow an index. EMC hires stock pickers: a Mirae Asset team in Hong Kong choosing roughly 70 emerging-market companies tied to a rising middle class, in whatever sector that spending lands.

GENZ Longevity is rare in thematics: GENZ dates back to 2008 and today tracks the MarketVector Digital Native Economy Index, roughly 40 US stocks, for 0.51% a year, below its peer group's median fee.

Stated mandate

EMC The fund seeks long-term capital growth by investing in companies linked to emerging-market consumption trends driven by the expanding purchasing power of the middle class.

GENZ GENZ seeks to replicate the MarketVector Digital Native Economy Index before fees and expenses. It uses a passive approach and normally invests at least 80% of assets in securities comprising that index.

Why people hold it

• EMC Actively managed and sub-advised by Mirae Asset's Hong Kong team, which hand-picks emerging-market names it judges best placed to capture domestic spending growth.globalxetfs.com
• Not fenced into consumer staples and discretionary: managers can own any industry sitting in the path of rising consumption, from banks to airlines.globalxetfs.com
• Born in 2010 as a Mirae Asset mutual fund, converted to an ETF in 2023 with the same team and process, plus daily holdings disclosure and intraday trading.globalxetfs.comsec.gov
• Active stock picking at 0.65%, the median expense ratio in its consumer-theme peer group, where most rivals simply track a basket.

• GENZ At 0.51% a year it undercuts the 0.57% median fee in its thematic peer group, so the theme doesn't carry a novelty markup.
• Rules over hunches: it replicates the MarketVector Digital Native Economy Index and normally keeps at least 80% of assets in that index's securities.
• A 2008 launch is old age in thematic land. This fund has traded through multiple full market cycles under the same issuer.

Worth knowing

• EMC Thinly traded, so spreads can run wider than in the category's heavyweights.
• No index to hug: the MSCI Emerging Markets Index is the yardstick, not the blueprint, so results ride on the team's calls.globalxetfs.com
• Index-based cousins in the cohort cost less, with MILN and PAWZ at 0.50%.

• GENZ Thinly traded with a small asset base, so spreads tend to be wider and the cost of getting in and out is a real part of the bill.
• Roughly 40 stocks in one theme. Individual names move the fund, and swings can run deeper than a broad US equity index.
• Cheaper tech-theme options sit in the same cohort (LRND at 0.14%, TECB at 0.30%), and GENZ lands in the lower half of that peer group on our review.

Full EMC profile⁠

Full GENZ profile⁠