The Avantis Emerging Markets Equity ETF (Symbol: AVEM) has experienced a notable inflow of approximately $403.6 million, representing a 1.7% increase in outstanding units from 279.9 million to 284.6 million, as of this week. The ETF is currently trading at $88.87, with a 52-week range of $68.27 to $100.83.
Key components driving the ETF’s performance include Alibaba Group Holding Ltd (BABA), which is down 0.7%, ASE Technology Holding Co Ltd (ASX), up 10.2%, and NetEase, Inc (NTES), which has increased by 0.1%. The substantial change in outstanding units can impact the underlying holdings of the ETF as new units are created.
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