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Upturn AI Summary
Putnam Emerging Markets Ex-China ETF(PEMX)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for PEMX
10/28/2026: PEMX (2-star) is currently NOT-A-BUY. Pass it for now.
PEMX provides actively managed exposure to emerging market equities while strictly excluding companies in China. Its primary strength lies in its ability to isolate growth in non-China emerging regions through Putnam's fundamental research, rather than just tracking an index. It is best suited for investors looking to diversify or de-risk their portfolios from Chinese exposure, though it carries higher volatility and expense ratios compared to passive alternatives. Investors should monitor regional economic health and the manager's ability to outperform relevant benchmarks over time.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
ETF holdings, costs, diversification, valuation, risks, and market conditions provide supporting context about the fund.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Strong fit | Offers access to high-growth potential in developing nations. |
| Momentum investor | Strong fit while signal remains positive | Can be used to capture trends in non-China emerging markets when regional signals are bullish. |
| Value investor | Mixed fit | Active management can identify undervalued securities, but broad EM volatility exists. |
| Dividend/Income investor | Mixed fit | Not primarily focused on high-yield, though some emerging market holdings may pay dividends. |
| Low-risk investor | Weak fit | Emerging markets inherently carry higher volatility and geopolitical risk. |
Investor Profile
Ideal Investor Profile
Investors seeking targeted exposure to emerging growth regions while specifically excluding China for geopolitical or risk-management reasons.
Suitability
Best for long-term investors comfortable with the higher volatility of emerging markets and the risks associated with active management.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | High | Emerging markets are prone to significant price swings due to economic and political instability. |
| Market risk | High | The portfolio is subject to broad economic downturns in the developing world. |
| Concentration | Medium / high | Excluding a major market like China increases reliance on the performance of remaining emerging nations. |
| Tracking/expense | Low | The fund is actively managed, so traditional index tracking error is not the primary risk. |
| Liquidity | Medium | Lower trading volumes can lead to challenges in executing large trades without moving the price. |
| Business/sector quality | Medium | Governance standards and corporate quality can vary significantly across emerging jurisdictions. |
Risk Analysis
Volatility
PEMX exhibits high historical volatility due to the inherent nature of emerging market equity investments.
Market Risk
The fund faces risks related to political stability, currency fluctuation, and institutional maturity in developing nations.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Geography | Emerging Markets (Ex-China) | 95 | Provides diversified exposure to high-growth emerging economies while avoiding the specific geopolitical risks of China. |
| Cash/collateral | Cash and Cash Equivalents | 5 | Maintains liquidity for operational needs and opportunistic trading. |
Price Behavior
Strong Uptrend
The stock has maintained a strong upward price trend across the last three quarters.
Smooth
The stock has moved along a generally orderly path with only modest fluctuations.
Analysis of Past Performance
Type ETF | Historic Profit 45.6% | Avg. Invested days 78 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  4.0 | ETF Returns Performance  5.0 |
| Profits based on simulation | Last Close 10/28/2026 |
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