iShares Asia 50 ETF
ALTAR
Score™
5.9% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
21.5x P/Sales
ratio
2.7x
P/BV
ratio
2.1x Div.
yield
1.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares S&P Asia 50 Index Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Standard & Poor's Asia 50 Index. The index does not include Japanese stocks.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Barclays Global Investors
Website www.ishares.com
Inception date Nov 13, 2007
Assets (mns) $3,118
Currency USD
Expense ratio 50 bp
Distributions Semi-Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Market Cap
Index replication Optimized
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 53
Wgt avg mkt cap (mns) $302,359
Large cap (>$10bn) 100.0%
Mid cap ($2-10bn) 0.0%
Small cap (<$2bn) 0.0%
Developed mkts 27.9%
Emerging mkts 72.1%

TOP TEN HOLDINGS
TENCENT HOLDINGS LTD 16.2 %
TAIWAN SEMICONDUCTOR MANUFAC 14.1 %
SAMSUNG ELECTRONICS CO LTD 13.1 %
MEITUAN DIANPING 6.5 %
AIA GROUP LTD 5.3 %
CHINA CONSTRUCTION BANK-H 2.5 %
HONG KONG EXCHANGES & CLEAR 2.4 %
PING AN INSURANCE GROUP CO-H 2.3 %
HYNIX SEMICONDUCTOR INC 2.1 %
SAMSUNG ELECTRONICS-PFD 1.9 %
Total 66.3 %

TOP COUNTRY EXPOSURE
CHINA 35.1 %
SOUTH KOREA 26.3 %
TAIWAN 20.7 %
HONG KONG 14.2 %
SINGAPORE 3.5 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
33.7% 33.7% 17.8% 8.7% 6.6%

Market Correlations
versus... Beta R-squared
S&P500 0.79 54%
MSCI EAFE 0.85 62%
MSCI Emg. Mkts. 0.89 86%

Technical Indicators
Recent close $99.79
30d moving avg. $88.54
Annualized volatility 20.3%
Short interest (ETF) 0.8%
Relative strength (RSI) 77

Liquidity measures
Avg. volume (thou.) 240
Turnover 0.8%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $13,761

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 potential alternatives to the iShares Asia 50 ETF ETF based on the alternatives' overlap in portfolio holdings with AIA. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: AIA Expense: 50 bp ALTAR Score™: 5.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH AIA
Ticker Fund
Name
Overlap1
vs AIA
(%)
Expense
ratio
(bp)
Savings
vs AIA
(bp)
ALTAR
Score™
(%)
ALTAR
vs AIA
(%)
DFAE Dimensional Emerging Core Equity Market ETF 79.1 35 15 6.9 +1.0
EEMO Invesco S&P Emerging Markets Momentum ETF 46.5 29 21 3.3 -2.6
AAXJ iShares MSCI All Country Asia ex Japan ETF 41.4 68 -18 5.6 -0.3
FLAX Franklin FTSE Asia Ex Japan ETF 40.3 19 31 6.2 +0.3
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 38.7 25 25 6.2 +0.4
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 37.3 20 30 5.4 -0.5
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 35.4 30 20 6.3 +0.4
EEMA iShares MSCI Emerging Markets Asia ETF 34.2 50 0 6.3 +0.4
BKEM BNY Mellon Emerging Markets Equity ETF 34.1 11 39 6.6 +0.7
XCEM Columbia EM Core ex-China ETF 33.1 16 34 5.9 0.0
FLCH Franklin FTSE China ETF 33.0 19 31 6.9 +1.1
MCHI iShares MSCI China ETF 32.8 59 -9 6.4 +0.5
ESGE iShares ESG Aware MSCI EM ETF 32.1 25 25 6.9 +1.1
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 31.2 32 18 5.0 -0.9
EEM iShares MSCI Emerging Markets ETF 31.1 70 -20 5.9 +0.0
JHEM John Hancock Multifactor Emerging Markets ETF 31.0 49 1 7.3 +1.5
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 30.5 65 -15 5.9 +0.1
EMXC iShares MSCI Emerging Markets ex China ETF 30.2 25 25 6.5 +0.6
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 29.4 36 14 6.7 +0.8
GXC SPDR S&P China ETF 29.2 59 -9 6.5 +0.6
FXI iShares China Large-Cap ETF 29.2 74 -24 10.4 +4.6
LDEM iShares ESG MSCI EM Leaders ETF 28.6 16 34 6.3 +0.5
CHIL Global X MSCI China Large-Cap 50 ETF 28.3 29 21 6.1 +0.3
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 28.1 40 10 6.0 +0.1
EMXF iShares ESG Advanced MSCI EM ETF 28.1 16 34 7.1 +1.2
IEMG iShares Core MSCI Emerging Markets ETF 27.9 11 39 6.5 +0.7
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 27.6 45 5 6.3 +0.4
FLKR Franklin FTSE South Korea ETF 26.3 9 41 6.6 +0.7
NUEM Nuveen ESG Emerging Markets Equity ETF 26.2 45 5 5.4 -0.5
PBEE Invesco PureBeta FTSE Emerging Markets ETF 25.7 15 35 7.2 +1.4
RESE WisdomTree Emerging Markets ESG Fund 25.7 32 18 6.6 +0.8
SCHE Schwab Emerging Markets Equity ETF 25.0 11 39 6.7 +0.8
CXSE WisdomTree China ex-State-Owned Enterprises Fund 24.5 32 18 5.4 -0.5
EWY iShares MSCI South Korea ETF 24.5 59 -9 6.1 +0.2
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 24.2 95 -45 7.0 +1.2
PXH Invesco FTSE RAFI Emerging Markets ETF 23.6 50 0 11.4 +5.5
BKF iShares MSCI BRIC ETF 23.2 70 -20 6.1 +0.3
KALL KraneShares MSCI All China Index ETF 23.0 49 1 6.8 +1.0
FRDM Freedom 100 Emerging Markets ETF 22.5 49 1 5.2 -0.7
CN Xtrackers MSCI All China Equity ETF 22.1 50 0 6.9 +1.0
KESG KraneShares MSCI China ESG Leaders Index ETF 21.1 59 -9 8.1 +2.3
SPEM SPDR Portfolio Emerging Markets ETF 20.9 11 39 6.5 +0.6
FLTW Franklin FTSE Taiwan ETF 20.7 19 31 5.0 -0.8
EWT iShares MSCI Taiwan ETF 20.7 59 -9 4.8 -1.1
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 20.6 32 18 7.4 +1.5
GMF SPDR S&P Emerging Asia Pacific ETF 20.4 49 1 5.9 +0.0
VWO Vanguard FTSE Emerging Markets ETF 19.5 10 40 6.9 +1.0
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 19.3 39 11 11.5 +5.6
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 19.1 59 -9 10.4 +4.6
FDEM Fidelity Emerging Markets Multifactor ETF 19.1 45 5 7.7 +1.8
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 18.6 49 1 7.5 +1.7
FDNI First Trust Dow Jones International Internet ETF 18.5 65 -15 1.9 -4.0
BICK First Trust BICK Index Fund 17.8 64 -14 3.2 -2.7
WUGI Esoterica NextG Economy ETF 16.7 75 -25 1.0 -4.8
KWEB KraneShares CSI China Internet ETF 16.6 76 -26 2.2 -3.7
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 16.6 30 20 7.5 +1.6
CQQQ Invesco China Technology ETF 16.4 70 -20 4.4 -1.5
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF 16.3 19 31 5.8 -0.1
EPP iShares MSCI Pacific ex-Japan ETF 16.3 48 2 5.5 -0.4
EWEB Global X Emerging Markets Internet & E-commerce ETF 16.3 65 -15 2.5 -3.4
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 16.2 86 -36 2.1 -3.8
VSGX Vanguard ESG International Stock ETF 15.9 17 33 6.3 +0.4
JIG JPMorgan International Growth ETF 14.9 55 -5 2.5 -3.4
VPL Vanguard FTSE Pacific ETF 14.0 8 42 6.4 +0.5
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 13.6 16 34 5.9 +0.1
AVEM Avantis Emerging Markets Equity ETF 13.4 33 17 7.2 +1.3
ZHOK SPDR Solactive Hong Kong ETF 12.9 14 36 5.6 -0.3
VYMI Vanguard International High Dividend Yield ETF 12.9 27 23 8.9 +3.0
FLHK Franklin FTSE Hong Kong ETF 12.8 9 41 6.8 +0.9
EWH iShares MSCI Hong Kong ETF 12.8 51 -1 6.0 +0.2
ROAM Hartford Multifactor Emerging Markets ETF 12.8 44 6 11.4 +5.5
DINT Davis Select International ETF 12.6 68 -18 5.3 -0.6
ECON Columbia Emerging Markets Consumer ETF 12.6 59 -9 4.7 -1.2
AIQ Global X Future Analytics Tech ETF 12.4 68 -18 3.4 -2.5
ISEM Invesco RAFI Strategic Emerging Markets ETF 12.4 35 15 8.7 +2.8
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 12.1 80 -30 7.4 +1.5
ACWX iShares MSCI ACWI ex U.S. ETF 11.8 32 18 6.3 +0.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 11.8 40 10 6.0 +0.2
IXP iShares Global Comm Services ETF 11.7 46 4 5.2 -0.7
EMGF iShares MSCI Emerging Markets Multifactor ETF 11.7 45 5 8.5 +2.6
SOCL Global X Social Media ETF 11.3 65 -15 2.2 -3.7
EMMF WisdomTree Emerging Markets Multifactor Fund 11.3 48 2 8.0 +2.1
VIGI Vanguard International Dividend Appreciation ETF 11.2 20 30 5.0 -0.8
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 10.5 25 25 6.6 +0.7
PIE Invesco DWA Emerging Markets Momentum ETF 10.5 90 -40 1.8 -4.0
CHIC Global X MSCI China Communication Services ETF 10.4 66 -16 4.5 -1.4
IXUS ishares Core MSCI Total International Stock ETF 10.3 9 41 6.4 +0.5
IXN iShares Global Tech ETF 10.2 46 4 3.7 -2.2
DWLD Davis Select Worldwide ETF 9.8 63 -13 5.6 -0.3
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 9.7 60 -10 2.3 -3.6
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 9.4 45 5 11.9 +6.0
VEU Vanguard FTSE All-World ex-US Index Fund 9.2 8 42 6.6 +0.7
IXG iShares Global Financials ETF 9.1 46 4 8.5 +2.7
DWCR Arrow DWA Country Rotation ETF 9.1 116 -66 3.5 -2.3
CHIX Global X MSCI China Financials ETF 8.9 66 -16 17.7 +11.8
IQDY FlexShares International Quality Dividend Dynamic Index Fund 8.7 47 3 8.0 +2.2
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 8.7 20 30 9.4 +3.5

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
iShares Asia 50 ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.5 %
Divided by: Fwd. P/BV 2.0 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 5.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.22 CATEGORY
AVERAGE
1.39
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.