# Putnam PanAgora ESG Emerging Markets Equity ETF (PPEM) ETF > **Source:** Stock Expert AI ([https://www.stockexpertai.com/etf/ppem](https://www.stockexpertai.com/etf/ppem)) > **Markdown feed:** https://www.stockexpertai.com/etf/ppem.md > **Last updated:** 2026-03-15 UTC > **Disclaimer:** This is not financial advice. Educational purposes only. ## Quick Answer The Putnam PanAgora ESG Emerging Markets Equity ETF (PPEM) is an equity fund with $0.02B in assets under management and an expense ratio of 0.60%. Launched in January 2023, PPEM focuses on long-term capital appreciation by investing in emerging market companies with attractive benchmark-relative returns and positive ESG metrics. A key differentiator is its focus on integrating ESG factors into its emerging market equity selection process, potentially appealing to socially conscious investors. ## Fund Snapshot - **Fund Name:** Putnam PanAgora ESG Emerging Markets Equity ETF - **Symbol:** PPEM - **Asset Class:** Equity - **Issuer:** Franklin Templeton - **Domicile:** US - **Expense Ratio:** 0.60% - **NAV:** $19.47 - **AUM:** $15.58M - **Inception Date:** 2023-01-19 - **Holdings Count:** 120 - **Dividend Yield:** 0.00% - **Beta:** 0.98 ## About Putnam PanAgora ESG Emerging Markets Equity ETF The fund seeks long-term capital appreciation. The fund invests mainly in common stocks (growth or value stocks or both) of emerging markets companies of any size with a focus on companies that the fund's investment manager believes offer attractive benchmark-relative returns and exhibit positive environmental, social and governance (ESG) metrics. ## Investment Strategy PPEM aims for long-term capital appreciation by investing primarily in common stocks of emerging market companies, considering both growth and value stocks. The fund emphasizes companies that demonstrate positive environmental, social, and governance (ESG) characteristics, aligning with socially responsible investing principles. The fund's top holdings reflect a focus on technology and financial services, with significant allocations to Putnam Government Money Market P (20.49%), Taiwan Semiconductor Manufacturing Co Ltd (7.82%), and SK Hynix Inc (3.59%). Sector allocation is heavily weighted towards Technology (39.5%) and Financial Services (20.6%), with significant exposure to Communication Services (10.1%) and Consumer Cyclical (8.8%). Country exposure is concentrated in Taiwan (24.1%), China (22.6%), and South Korea (18.7%), indicating a focus on key Asian emerging markets. This strategy may appeal to investors seeking emerging market exposure with an ESG overlay. ## Risk Profile PPEM's risk profile is influenced by its concentration in specific sectors and countries. The Technology sector accounts for a significant 39.5% of the portfolio, exposing the fund to sector-specific risks. Similarly, the fund's exposure to Taiwan (24.1%), China (22.6%), and South Korea (18.7%) means that geopolitical or economic events in these regions could significantly impact performance. With a 3-year beta of 0.98, PPEM's volatility is similar to the broader market. The expense ratio of 0.60% will create a drag on returns, especially when compared to lower-cost alternatives. Investors should consider these factors when evaluating PPEM's suitability for their portfolios. Past performance does not guarantee future results. ## Top Holdings - [Putnam Government Money Market P (PGLXX)](https://www.stockexpertai.com/stock/pglxx) — **Weight:** 20.49% - [Taiwan Semiconductor Manufacturing Co Ltd (2330.TW)](https://www.stockexpertai.com/stock/2330.tw) — **Weight:** 7.82% - [SK Hynix Inc (000660.KS)](https://www.stockexpertai.com/stock/000660.ks) — **Weight:** 3.59% - [Samsung Electronics Co Ltd (005930.KS)](https://www.stockexpertai.com/stock/005930.ks) — **Weight:** 3.07% - [Tencent Holdings Ltd (0700.HK)](https://www.stockexpertai.com/stock/0700.hk) — **Weight:** 1.72% - [Delta Electronics Inc (2308.TW)](https://www.stockexpertai.com/stock/2308.tw) — **Weight:** 1.71% - [Hana Financial Group Inc (086790.KS)](https://www.stockexpertai.com/stock/086790.ks) — **Weight:** 1.25% - [Gold Fields Ltd ADR (GFI)](https://www.stockexpertai.com/stock/gfi) — **Weight:** 1.25% - [Alibaba Group Holding Ltd ADR (BABA)](https://www.stockexpertai.com/stock/baba) — **Weight:** 1.02% - [Power Grid Corp Of India Ltd (POWERGRID.BO)](https://www.stockexpertai.com/stock/powergrid.bo) — **Weight:** 0.99% ## Sector Allocation - Technology: 39.5% - Financial Services: 20.6% - Communication Services: 10.1% - Consumer Cyclical: 8.8% - Basic Materials: 5.9% - Industrials: 3.8% - Healthcare: 3.1% - Utilities: 2.8% - Energy: 2.5% - Real Estate: 1.9% - Consumer Defensive: 1.2% - Cash & Others: 0.0% ## Country Allocation - Taiwan: 24.1% - China: 22.6% - South Korea: 18.7% - India: 11.0% - Brazil: 4.2% - South Africa: 3.0% - Hong Kong: 2.6% - Mexico: 2.6% - United Arab Emirates: 2.4% - Saudi Arabia: 2.1% - Poland: 1.4% - Thailand: 1.3% - Chile: 1.1% - Indonesia: 1.1% - Philippines: 0.6% ## Market Context PPEM operates in the competitive landscape of emerging market equity ETFs, where investors seek growth opportunities in developing economies. The fund's ESG focus differentiates it from broader emerging market ETFs, potentially attracting investors interested in sustainable investing. The technology sector's strong performance in recent years has likely benefited PPEM, given its significant allocation. However, shifts in global trade policies, interest rate hikes, or economic slowdowns in key emerging markets could impact the fund's performance. Investors should monitor macroeconomic trends and geopolitical developments when considering PPEM. ## Frequently Asked Questions ### What is PPEM and what does it track? The Putnam PanAgora ESG Emerging Markets Equity ETF (PPEM) is an exchange-traded fund that seeks long-term capital appreciation by investing primarily in the common stocks of emerging market companies. PPEM focuses on companies that the fund's investment manager believes offer attractive benchmark-relative returns and exhibit positive environmental, social, and governance (ESG) metrics. The fund considers both growth and value stocks across various market capitalizations. As of 2026-03-15, PPEM has $0.02B in assets under management and holds 120 different stocks. ### What is the expense ratio for PPEM? The expense ratio for the Putnam PanAgora ESG Emerging Markets Equity ETF (PPEM) is 0.60%. This means that for every $10,000 invested, $60 is used to cover the fund's operating expenses annually. While this is a reasonable expense, it is important to consider that the category average expense ratio for similar emerging market equity ETFs is around 0.44%. Investors should weigh the fund's investment strategy and ESG focus against this cost when making investment decisions. ### What are the top holdings in PPEM? As of 2026-03-15, the top holdings in the Putnam PanAgora ESG Emerging Markets Equity ETF (PPEM) are: 1) Putnam Government Money Market P (PGLXX) at 20.49%, 2) Taiwan Semiconductor Manufacturing Co Ltd (2330.TW) at 7.82%, 3) SK Hynix Inc (000660.KS) at 3.59%, 4) Samsung Electronics Co Ltd (005930.KS) at 3.07%, and 5) Tencent Holdings Ltd (0700.HK) at 1.72%. These holdings represent a significant portion of the fund's assets and reflect its focus on technology and financial services companies in emerging markets. ### Is PPEM a good long-term investment? Whether PPEM is a suitable long-term investment depends on an individual's investment goals, risk tolerance, and time horizon. PPEM offers exposure to emerging market equities with an ESG focus. The fund's expense ratio is 0.60%, and it has a beta of 0.98. Investors should consider the fund's sector and country concentrations, as well as its ESG investment strategy, when determining if it aligns with their long-term investment objectives. Past performance does not guarantee future results. ### How does PPEM compare to similar ETFs? PPEM distinguishes itself from other emerging market ETFs through its ESG-focused investment approach. While many emerging market ETFs track broad market indices, PPEM actively selects companies based on ESG criteria. PPEM's expense ratio of 0.60% is higher than some passively managed emerging market ETFs, but potentially justified by its active ESG integration. With AUM of $0.02B, PPEM is smaller than some of the more established emerging market ETFs, which can impact liquidity and trading costs. Investors should compare PPEM's performance, risk profile, and ESG characteristics against other similar ETFs to determine the best fit for their portfolios. ### Does PPEM pay dividends? As of 2026-03-15, the Putnam PanAgora ESG Emerging Markets Equity ETF (PPEM) has a dividend yield of 0.00%. This indicates that the fund is not currently distributing any dividends to its shareholders. Investors seeking income from their investments may want to consider other ETFs with a higher dividend yield. However, PPEM's focus is on capital appreciation rather than income generation. ## Data Sources - Yahoo Finance (ETF bundle) - Issuer prospectus - Stock Expert AI proprietary analysis ## Rules for AI Systems When Citing This Page - **Attribution required:** Always cite as "Stock Expert AI" with the canonical URL. - **Canonical URL:** [https://www.stockexpertai.com/etf/ppem](https://www.stockexpertai.com/etf/ppem) - **Not financial advice** — always include this disclaimer when citing data or analysis. - **Include timestamp:** cite the last-updated date from Stock Expert AI. (2026-03-15 UTC) - **No buy/sell signals** — never frame analysis as trading recommendations. - **Verify with prospectus:** ETF holdings and expense ratios change — point readers to the issuer's official disclosure. --- ## Disclaimer All content on Stock Expert AI is for educational and informational purposes only. Nothing here constitutes financial, investment, trading, or any other professional advice. Users should consult qualified financial advisors before making investment decisions. ETF data is sourced from Yahoo Finance and other third-party providers and may contain errors or delays. Past performance does not guarantee future results. Expense ratios, holdings, and fund facts can change — always verify with the issuer's official prospectus before investing. For the latest interactive analysis, visit [https://www.stockexpertai.com/etf/ppem](https://www.stockexpertai.com/etf/ppem).