Payne Capital LLC has disclosed a new investment in the Schwab Emerging Markets Equity ETF (NYSEARCA: SCHE) during the third quarter. The company purchased 44,302 shares, with a total value of approximately $1.48 million, according to its latest SEC filing.
This marks Payne Capital’s initial position in the ETF, which focuses on equities in emerging market economies. The acquisition reflects the firm’s interest in diversifying its portfolio with international assets.
**Why this matters**
The purchase signals Payne Capital’s confidence in emerging market equities amid global economic shifts. As ETFs like SCHE provide broad exposure to developing markets, such investments can influence fund flows and market sentiment in these regions.
Source: NewsData