The Rize Emerging Market Internet and Ecommerce UCITS ETF (EMRJ) seeks to invest in companies that potentially stand to benefit from the increased adoption of internet and ecommerce platforms and technologies by consumers in emerging markets. EMRJ seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Foxberry Emerging Market Internet & Ecommerce Index.
- AUM ($USD): 807,160
- TER: 0.55%
- ISIN: IE000HJV1VH3
- Base Code: EMRJ
- SFDR Classification: Article 8
- MSCI ESG Rating: A
We are witnessing the rise of the digital consumer in emerging markets. Rising disposable incomes, urbanisation, positive reform momentum, strong demographics and the widespread adoption of digital devices form the bedrock of this megatrend. At its core lie two converging but mutually reinforcing themes: the internet as an incubator for technological innovation and ecommerce as a catalyst for behavioural change. Today’s emerging market consumer is not just global and digitally connected but also helping shape and define the very latest consumer trends. Companies have adapted to this new reality. We have seen the emergence of new touch-points for consumers, direct-to-consumer brands, social shopping experiences and voice-based commerce. We have seen the rise of live selling that meets consumers in their own preferred medium. The result has been the advent of digital champions across the developing world – much like the tech giants of the West. China today has its own Google, Argentina its own Amazon and India its own TripAdvisor. And the global pandemic has further unlocked online markets – the benefits of which are going to be felt for decades to come. Our pioneering investment strategy and ETF – Europe’s new emerging market internet and ecommerce ETF – provides investors with exposure to companies that are leaders and innovators in internet and ecommerce technologies in emerging markets. These are companies that are using digitisation to unlock the emerging world’s next growth phase.
Favourable Growth Prospects
EMRJ is Europe’s new emerging market internet and ecommerce ETF, and provides investors with exposure to companies that are championing digital innovation in emerging markets.
Powered by Euromonitor®
EMRJ is purpose-built in collaboration with Euromonitor, a strategy research firm based in London, United Kingdom, and leverages their unique insights and proprietary classification system of companies that are driving the internet and ecommerce revolution in emerging markets.
EMRJ’s composition transcends classic sector, size and geographic classifications by tracking a regional theme.
In a single trade, EMRJ delivers access to dozens of companies that are favourably positioned to ride the tailwinds of the emerging market internet and ecommerce theme.
EMRJ invests in companies within the 9 sub-sectors of the Emerging Market Internet and Ecommerce thematic classification built in partnership with strategy research group Euromonitor. The classification is an enabling taxonomy designed for the investment and research communities with the aim of identifying the key megatrends and related companies and business activities that stand to benefit from the increased adoption of internet and ecommerce platforms and technologies by consumers in emerging markets.
Top 10 Holdings
|NASPERS N ZAR0.02||ZAE000015889||8.03||ZAR|
|PROSUS N.V. EUR0.05||NL0013654783||7.2||EUR|
|MERCADOLIBRE INC COM||US58733R1023||6.57||USD|
|LOCAWEB SERVICOS DE INTERNET S||BRLWSAACNOR8||4.79||BRL|
|COUPANG INC CL A||US22266T1097||4.21||USD|
|JOYY INC ADS REPSTG COM CL A||US46591M1099||3.89||USD|
|JUMIA TECHNOLOGIES AG SPONSORED ADR||US48138M1053||3.4||USD|
|INTERNATIONAL GAMES SYSTEM CO TWD10||TW0003293007||3.11||TWD|
|NCSOFT CORPN KRW500||KR7036570000||2.7||KRW|
|Net Assets||USD 807,160|
|NAV per share||USD 4.0358|
|Total Expense Ratio||0.55|
|Index Name||Foxberry Emerging Market Internet & Ecommerce Index / FXBYEMRJ|
|Thematic Classification||Euromonitor’s Classification for Emerging Market Internet & Ecommerce|
|Index Replication Method||Physical – full replication|
|No. of holdings||60|
|Issuer||Rize UCITS ICAV|
|Promoter||Rize ETF Limited|
|Manager||IQ EQ Fund Management (Ireland) Limited|
|Investment Manager||IQ EQ Fund Management (Ireland) Limited|
|Depositary / Custodian||Northern Trust Fiduciary Services (Ireland) Limited|
|ISA Eligible (UK)||Yes|
|SIPP Eligible (UK)||Yes|
|Reporting Fund Status (UK)||Yes|
|Equity Fund (DE)||Yes|
|SFDR Classification||Article 8|
- United Kingdom
|Exchange||Currency||Listing Date||SEDOL||Bloomberg Ticker||RIC|
|Borsa Italiana||EUR||26-Apr-22||BMX88X3||EMRJ IM||EMRJ.MI|
|Deutsche Börse Xetra||EUR||05-Apr-22||BMX88Y4||ECOM GY||ECOMG.DE|
|London Stock Exchange||USD||05-Apr-22||BMX88T9||EMRJ LN||EMRJ.L|
|London Stock Exchange||GBP||05-Apr-22||BMX88V1||EMRP LN||EMRP.L|
|SIX Swiss Exchange||CHF||13-Jun-22||BMX88W2||EMRJ SE||EMRJ.S|
Research & Insights
From the way we shop to the way we bank, from ordering a taxi to ordering a pizza–the digital revolution…
FEATURED ARTICLE The internet became a lifeline during the pandemic. Digital platforms helped facilitate daily activities—and commerce was no exception.…
On April 5th, 2022, the Rize Emerging Market Internet and Ecommerce UCITS ETF (EMRJ) debuted on the London Stock Exchange.…
The Fund may be subject to the risks faced by ecommerce and internet companies in emerging markets including (1) fierce competition, rapidly changing technologies and the risk of obsolescence of existing services, (3) reduced consumer spending due to recession, (4) the loss of patent, copyright and trademark protections, (5) unsophisticated and/or changing regulatory frameworks which inhibit the sector and (6) cybersecurity risks. The foregoing may lead to reduced revenues and/or profit margins for individual companies and/or the whole sector.
The Fund is exposed to the risks associated with investing in Russian and Chinese companies including the risk of government intervention, less sophisticated and weaker securities laws and regulations and weaker corporate governance, accounting and reporting standards. The foregoing may result in the Fund’s company ownership being diluted, lost or significantly devalued. Securities of such companies may be less liquid (i.e. less readily trade-able at fair value) and more volatile (i.e. susceptible to greater and more unpredictable price changes) than companies in developed markets. The Fund may also be subject to foreign ownership limits, unpredictable tax changes and high transaction costs when buying and selling investments.
Some companies may be smaller and less experienced companies, with limited product lines, markets or financial resources and fewer experienced management or marketing personnel. They may experience extreme price and volume fluctuations that are often unrelated to their operating performance.
The Index is typically comprised of a mix of small, mid and large capitalisation companies. Small capitalisation companies may be more vulnerable to adverse business or economic events than larger, more established companies and may underperform other segments of the market or the equity market as a whole. Securities of small capitalisation companies generally trade in lower volumes, are less liquid and are often more vulnerable to market volatility than larger capitalisation stocks or the stock market as a whole.
Other: (1) Third party service providers (such as the ICAV’s depositary) may go bankrupt and fail to pay money due to the Fund or return property belonging to the Fund. (2) If the Index provider stops calculating the Index or if the Fund’s license to replicate the Index is terminated, the Fund may have to be closed. (3) It may not always be possible to buy and sell the Fund’s Shares on a stock exchange or at prices closely reflecting the Net Asset Value. (4) There is no capital guarantee or protection on the value of the Fund and investors can lose all the capital invested in the Fund. (5) Please refer to the “Risk Factors” section of the ICAV’s Prospectus and the Fund Supplement.