I think your train of thought is good and understandable. However, if the ETF holds the 2 largest positions in MAG 7 shares with $TSLA 9% and $NVDA with 7%, I take a critical view of the designation as Latin American Emerging Markets.
@Multibagger Well, that's because of the way this ETF replicates. Not physically, but synthetically - and that is why such artifacts occur (in the breakdown into individual positions). The performance is (almost) identical to the index that the ETF tracks.
@Stullen-Portfolio Thanks for the explanation. I'm glad that I have nothing to do with ETFs. Physical, synthetic, artifacts, that's more complicated than any single stock analysis. 😂😉
@Multibagger Nah, it's not that complicated, Chris.
And incidentally, it's pretty irrelevant anyway. Just as irrelevant as the question of whether a company's supervisory board consists of 6, 7 or 8 people 😉