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EMEQ — Nomura Focused Emerging Markets Equity ETF

EMEQ is the Nomura Focused Emerging Markets Equity ETF: an actively managed, high-conviction book that buys emerging-markets companies with durable competitive advantages (economic moats) at reasonable valuations, run as a focused all-cap portfolio rather than an EM index, with room for large single-country weights including China.

Equity Efficiency:A+Capital Efficiency grades how well this ETF delivers equity-side returns relative to the capital and beta it uses, with SPY as the B baseline. Leveraged ETFs score higher when they free up capital for an alpha sleeve. Long/short and factor ETFs are graded on excess return versus SPY, net of costs. EMEQ is an actively managed, focused emerging-markets equity sleeve; capital efficiency measures its return versus SPY for the equity risk it takes.

EMEQ price history

Range
+149.90%
Total return (1Y)
EMEQ

Total return (Yahoo adjusted close—dividends and splits per Yahoo), normalized to $10,000 at first available trade date. Educational only.

Strategy

The factor is competitive advantage: the team builds the book bottom-up, hunting companies with durable economic moats priced below fair value on discounted cash flow, replacement cost, and multiples. The result is a focused, non-diversified portfolio that can differ sharply from broad EM indexes in country, sector, and single-name weights.

Concentration cuts both ways: a few positions or one country can drive returns, and EM liquidity, currency, and governance risk all apply. The fund charges 0.86%; read the ETF Facts and semiannual reports for current China exposure and sector tilts.

Manager and Issuer Pedigree

EMEQ is advised by Nomura Asset Management USA on the Nomura ETF Trust, with Delaware Management Company in the structure. The fund and trust were rebranded from Macquarie to Nomura effective December 2025 after Nomura acquired Macquarie's U.S. public asset-management business; the emerging-markets team carries over the prior Macquarie fundamental process and sits inside Nomura's large global asset-management group.

Versus a passive EM index fund, EMEQ is a manager-skill bet: the edge rests on moat-focused stock selection and valuation discipline holding up across volatile EM cycles. Check the Nomura product page and ETF Facts for current holdings, personnel, and assets before allocating.

Outperformance

Outperforms when active selection is rewarded in emerging markets: dispersion is high, fundamentals separate winners from index deadweight, and durable-moat names rerate, often a growth environment for EM with stable or weakening dollar funding.

Underperforms when EM trades as one passive risk asset, when a large country or single-name bet moves against the book, or when a strong dollar and tightening liquidity hit the whole complex; the favorable backdrop is selective, fundamentally driven EM leadership with orderly currency markets.

Official ETF page

Read the official ETF page for current NAV, holdings, and documents: Nomura Asset Management (EMEQ).

Beta and MER may not be accurate.
Educational content only; not investment advice. Past performance does not guarantee future results.