Is Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE) a Strong ETF Right Now?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 19 2024
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Source: NASDAQ.COM
- Introduction of Smart Beta ETF: Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE) was launched in 2013, offering exposure to the Broad Emerging Market ETFs category.
- Smart Beta ETFs Definition: These funds differ from traditional market cap weighted indexes by focusing on non-cap weighted strategies for stock selection.
- Fund Sponsor & Index: Managed by Charles Schwab, FNDE tracks the Russell RAFI Emerging Markets Large Co. Index and has assets over $5.99 billion.
- Cost & Performance: FNDE has an expense ratio of 0.39%, a 12-month trailing dividend yield of 4.31%, and has shown a return of about 9.80% year-to-date.
- Alternatives & Bottom Line: Investors can consider other ETFs like iShares Core MSCI Emerging Markets ETF (IEMG) and Vanguard FTSE Emerging Markets ETF (VWO) for different options in the market.
Analyst Views on VWO
Wall Street analysts forecast VWO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for VWO is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 56.110
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Current: 56.110
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
