MutualFundWire.com: Harbor Has a New ETF, C?

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Friday, May 16, 2025

Harbor Has a New ETF, C?

The folks at a $58.79-billion-AUM (as of March 31) fund firm in the Midwest are teaming up with a familiar ally in Denmark to roll out another U.S. ETF.

Kristof Marius Gleich
Harbor Capital Advisors, Inc.
President, Chief Investment Officer

Yesterday (May 15), Kristof Gleich, president and chief investment officer of Harbor Capital Advisors, Inc. [profile], unveiled the launch of the Harbor Emerging Markets Select ETF (EMES on the NYSE Arca, Inc.). Chicago-based Harbor serves as EMES' investment advisor, while C WorldWide Asset Management Fondsmaeglerselskab A/S serves as subadvisor.

EMES' inception date was Wednesday (May 14), and it comes with an expense ratio of 65 basis points. As of yesterday, the new ETF had about $500,000 in AUM.

The new Harbor-C ETF is PMed by a four-person C team, including:

Mogens Akelsen, senior portfolio manager of C's Asia ex Japan and India equity strategies;

Allan Christensen, lead PM of the Asia ex Japan equity strategy, co-PM of the emergeing market equity strategy, and a PM of the India equity strategy;

Aman Kalso, lead of the emerging markets equity strategy, co-PM of the Asia and India equity strategies; and

Abhinav Rathee, lead PM of the India equity strategy and co-PM of the Asia and emerging markets equity strategies.

Kristof puts the launch of EMES in the context of the Harbor team telling investors "to continue to look abroad, particularly in emerging markets, especially in times of prolonged volatility."

"We have found a manager in C WorldWide that concentrates on every holding, with their experienced research team and long-term mentality, putting their trusted investment disciplines into practice for nearly 40 years," Gleitch states.

This is the third fund that Harbor and C have teamed up to launch in less than three years. EMES' debut comes 14 months after Harbor launched the Harbor International Compounders Fund (which had grown to nearly $46 million in AUM as of April 30, 2025) and 32 months after Harbor launched the Harbor International Compounders ETF (which has surpassed $444 million in AUM as of today).

EMES is an actively managed, non-diversified of the Harbor ETF Trust. The new ETF's other service providers include:

Ernst & Young LLP as independent accounting firm;

ACA's Foreside Fund Services, LLC as distributor; and

State Street Bank and Trust Company as custodian, dividend disbursing agent, and transfer agent.