Man Active Emerging Markets Alternative ETF (MEMA) has seen unusual trading volume, which is 16× higher than its average daily volume.
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Among its top holdings, Icici Bank has drawn attention after completing a major reorganization of its alternative investment management operations, shifting several private equity, venture capital, and real estate AIFs to ICICI Prudential Asset Management to consolidate and streamline its alternatives platform. Pdd Holdings Inc. also features prominently, with recent insider share sales by two directors coming alongside a Nomura upgrade that framed the stock as attractively valued relative to 2026 earnings and its sizable net cash position, even as the company continues to face margin and competitive pressures.