SPEM

SPEM is a low-cost, passive emerging-markets equity ETF designed to track the S&P Emerging Markets BMI using a market-cap (float-adjusted) weighting approach.

It typically uses sampling—meaning it may hold a representative slice of the index rather than every single stock—to closely match the index’s overall risk/return profile.

Notably, it excludes South Korea, treating it as developed rather than emerging, which can materially change country exposure versus some peers.