VanEck Launches VEEM Using Analyst Sentiment to Target EM Winners

VanEck has launched the MSCI EM Analyst Sentiment ETF (VEEM) on Nasdaq, offering a rules-based approach to emerging-market equities based on changes in sell-side analyst outlooks. Its index scores stocks using revisions to earnings, sales, cash flow, price targets and buy/sell recommendations, then selects 100 companies while controlling country, sector and security exposures. Rebalanced quarterly, the strategy targets excess returns while limiting expected tracking error versus the MSCI Emerging Markets Index to 4%. VEEM complements VanEck’s recently launched developed-markets counterpart, VEFA.