“The worst offenders as far as human rights and economic freedoms are naturally excluded.”Ĭhina, Russia and Saudi Arabia are among the countries that have never been in the index tracked by the Freedom 100 Emerging Markets ETF, according to Tolle. “We believe the freer countries will outperform,” she said. The ETF’s exclusion of authoritarian regimes is “a natural result of freedom weighting” that gives the most weight to the freest countries in emerging markets, according to Perth Tolle, founder of Life + Liberty Indexes and creator of the Freedom 100 EM Index. The Freedom 100 Emerging Markets ETF’s primary strategy of avoiding the “worst offenders” when it comes to economic freedoms appears to be paying off so far this year relative to other emerging-markets funds - even some that exclude China.
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