This is an active ETF that seeks long-term capital growth by investing in growth companies in emerging and frontier markets, excluding China and Hong Kong. Rather than mechanically tracking a specific index, it selects holdings based on each company's business competitiveness and earnings growth potential.

It suits long-term investors who want exposure to emerging market growth stocks outside China and can tolerate shifts in country and sector weightings as well as high volatility.

The ETF is run by Touchstone Sands Capital using an active (actively managed) approach.

Touchstone Sands Capital uses bottom-up research to assess long-term growth potential, competitive advantages within the market, financial soundness, and how understandable each business model is. It selects companies with clear growth characteristics in emerging and frontier markets outside China and Hong Kong, and it may also factor environmental, social, and governance considerations into investment decisions.

• Focuses on emerging market growth companies outside China and Hong Kong
• Applies company-by-company bottom-up analysis instead of index tracking

Assets under management (AUM) stand at $11.9M, and the total expense ratio is 0.80% per year.

Trading conditions for the product can vary with market circumstances, so it is advisable to check the bid-ask spread and trading volume before placing a trade.

The direction of emerging market equities can shift with global growth expectations, the technology investment cycle, commodity prices, and the trajectory of the dollar. A growth-focused portfolio may show relative strength when earnings expectations are rising, but price swings can widen when expectations fall.

Emerging market exposure outside China is also affected by country-level policy changes, currency movements, geopolitical variables, and foreign capital flows. If risk appetite toward emerging markets changes, fund flows and trading conditions for related products may change as well, so the market environment should be monitored alongside the fund.

The fund's strength is its active selection of emerging market growth stocks outside China, while country, currency, and concentration risks and trading conditions deserve attention.

In the same comparison table, the EFG ETF focuses on developed market growth stocks, the JIG ETF on international growth stocks, and the MTRA ETF on selecting overseas growth stocks. The DARP ETF is a growth-oriented product, and the VDG ETF offers growth stock exposure centered on developed markets. The TEMX ETF differs from these products in regional composition and management approach, because it concentrates on emerging and frontier markets excluding China. Information on additional comparable listed funds is limited, so investors should check each product's regional holdings, fees, and trading conditions together.

Before investing in the TEMX ETF, check whether the ex-China scope matches your regional allocation goals and whether you can accept changes in holdings under an active selection strategy. Emerging market exposure is also affected by currencies, country-level policy, and geopolitical variables, so consider your long-term holding objective and risk tolerance together.

Emerging and frontier markets can carry more uncertainty than developed markets in terms of liquidity, currencies, institutions, and access to information. A growth stock selection strategy can be sensitive to market preference for value stocks or weakness in a particular country or sector, and there is also the risk that the ETF's market price may differ from its net asset value.

The TEMX ETF is an active product for investors who want selective access to emerging market growth stocks outside China. Its inclusion criteria and regional composition differ from broad emerging market index exposure, so it is advisable to compare its distribution policy, management fee, and trading conditions against your own regional allocation principles and review it from a long-term perspective.