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First Trust Emerging Markets Equity Select (RNEM)Overvalued or undervalued?
Look-through valuation · Global · Expense ratio 0.77 % · ISIN US33738R7796
Price history (since 2017)
Monthly close since 2017. Price shows performance, the valuation verdict is in the look-through above.
Top holdings
| Holding | Weight | vs fair value | Quality |
|---|---|---|---|
| SHREE CEMENT LIMITED SHREECEM | 2.9 % | −63.4 % | 59 |
| Bajaj Auto Limited BAJAJ-AUTO | 2.8 % | −61.5 % | 63 |
| Reliance Industries Limited RELIANCE | 2.8 % | −28.0 % | 50 |
| Pidilite Industries Limited 500331 | 2.7 % | n/a | n/a |
| ICICI Bank Limited ICICIBANK | 2.5 % | −56.1 % | 57 |
| Anand Rathi Wealth Limited ANANDRATHI | 2.3 % | −80.6 % | 70 |
| HDFC Bank Limited HDFCBANK | 2.3 % | −40.9 % | 51 |
| AngloGold Ashanti plc AU | 2.3 % | +6.0 % | 70 |
| SBI Life Insurance Company Limited SBILIFE | 2.3 % | −87.6 % | 44 |
| China Steel Corp 2002 | 2.0 % | +10.4 % | 28 |
| Asia Cement Corp 1102 | 1.7 % | −6.2 % | 58 |
| Far Eastern New Century Corp 1402 | 1.7 % | −3.5 % | 46 |
| Bharti Airtel Limited BHARTIARTL | 1.7 % | −11.2 % | 58 |
| Taiwan Cement Corp 1101 | 1.7 % | −8.5 % | 23 |
| Petróleo Brasileiro S.A. - Petrobras PETR4 | 1.2 % | n/a | n/a |
| Vibra Energia S.A. VBBR3 | 1.1 % | +28.4 % | 41 |
| Porto Seguro S.A PSSA3 | 0.9 % | −26.0 % | 59 |
| Banco Bradesco S.A. BBDC4 | 0.8 % | n/a | n/a |
| Banco do Brasil S.A. BBAS3 | 0.8 % | +8.3 % | 58 |
| BB Seguridade Participacoes SA BBSE3 | 0.8 % | −22.3 % | 73 |
| Itaú Unibanco Holding S.A ITUB4 | 0.8 % | −22.7 % | 60 |
| Itaúsa - Investimentos Itaú SA ITSA4 | 0.8 % | n/a | n/a |
| AMERICA MOVIL SAB DE CV AMXB | 0.7 % | +32.9 % | 65 |
| China Merchants Bank Co Ltd Class H 3968 | 0.7 % | n/a | n/a |
| Postal Savings Bank of China 1658 | 0.7 % | n/a | n/a |
Fair value and quality per position come from the same valuation as our stock pages. Showing the 25 largest of 258 disclosed positions. "n/a" means the position is not (yet) in our stock universe and does not enter the average.
The 10 most cheaply valued ETFs
Measured against the look-through fair value of the holdings (sufficiently covered funds only). Green means below fair value, red above. Not financial advice.
- 1 KWEB KraneShares CSI China Internet ETF 50.0 % below FV
- 2 CHIQ Global X MSCI China Consumer Disc ETF 49.1 % below FV
- 3 CHIU Global X MSCI China Utilities ETF 44.8 % below FV
- 4 MCHI iShares MSCI China ETF 36.2 % below FV
- 5 FLCH Franklin FTSE China ETF 35.7 % below FV
- 6 FDNI First Trust Dow Jones International Internet ETF 28.9 % below FV
- 7 FCFY First Trust S&P 500 Diversified Free Cash Flow ETF 26.1 % below FV
- 8 ITB iShares U.S. Home Construction ETF 23.0 % below FV
- 9 FDEM Fidelity® Emerging Markets Multifactor ETF 17.1 % below FV
- 10 TAN Invesco Solar ETF 16.6 % below FV
Frequently asked about RNEM
Is RNEM overvalued?
What is the fair value of RNEM?
How do you calculate the fair value of an ETF?
Which stocks drive the valuation of RNEM?
What is the expense ratio of RNEM?
How we value this ETF
An ETF has no fair value of its own like a single stock. We build it bottom up: every holding has a fair value and a quality score on our pages. Weighted by portfolio share, that gives First Trust Emerging Markets Equity Select ETF an average of how cheap or expensive its companies currently sit versus fair value, and how high their average quality is.
As of: Oct 27, 2026
The look-through is a computed summary of public fundamentals and is no substitute for your own research.