Todd Rosenbluth Talks Emerging Markets ETFs on Edge

Todd Rosenbluth, head of ETF research at VettaFi, joined CNBC’s ETF Edge program on Monday to talk all things ETF. This week, the conversation has focused primarily on emerging market ETFs and factors such as Chinese consumer spending.

(caption id=”attachment_519253″ align=”aligncenter” width=”625″)Rosenbluth on ETF Edge VettaFi’s Rosenbluth talks emerging market ETFs on ETF Edge.(/caption)

Reopening China after the end of its “zero-COVID” regime will not happen overnight, said KraneShares CIO Brendan Ahern. According to data from VettaFi, these consumers continue to increase quarter over quarter, driving growing interest in emerging market ETFs, Rosenbluth noted.

“We are seeing strong interest in emerging markets. Many advisers tell us at VettaFi that they seek to reduce their national bias,” Rosenbluth said.

Emerging Markets ETF Strategies

Those same advisers then seek to add exposure to emerging market equities, he added. Some benefiting strategies include the Vanguard FTSE Emerging Markets ETF (VWO) and the iShares MSCI Emerging Markets ETF (EEM).

Emerging market ETFs that take an interest include KraneShares China Internet and Covered Call Strategy ETF (KLIP), Also. KLIP offers an income-oriented variant of the well-known KraneShares CSI China Internet ETF (KWEB), launched almost ten years ago. While KWEB tracks an index of Chinese software and internet stocks, KLIP offers a lower volatility alternative.

“We are seeing strong interest in KLIP. People are looking to reduce the volatility of their dedicated China exposure and KLIP is a great way to do that,” Rosenbluth added.

Outside of emerging markets, commodity ETFs have also garnered interest according to data from VettaFi. Precious metals, including gold, have seen engagement for strategies such as the SPDR Gold Shares ETF (GLD)mentioned Rosenbluth.

That said, interest in commodity-active ETFs stood out in data from VettaFi advisors. This has benefited ETFs like the Neuberger Berman Commodity Strategy ETF (NBCM)which offers diversified exposure to commodities in an active strategy.

“Gold may not continue to be in favor forever in 2023,” Rosenbluth said. “So investors might want the benefits of active management to spin.”

For more news, information and analysis, visit the China News Channel.

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