iShares Asia 50 ETF
ALTAR
Score™
8.3% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
15.6x P/Sales
ratio
2.0x
P/BV
ratio
1.5x Div.
yield
2.5%


  • 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) $1,780
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 51
Wgt avg mkt cap (mns) $248,199
Large cap (>$10bn) 100.0%
Mid cap ($2-10bn) 0.0%
Small cap (<$2bn) 0.0%
Developed mkts 28.3%
Emerging mkts 71.7%

TOP TEN HOLDINGS
TENCENT HOLDINGS LTD 17.1 %
TAIWAN SEMICONDUCTOR MANUFAC 12.7 %
SAMSUNG ELECTRONICS CO LTD 11.6 %
AIA GROUP LTD 5.5 %
MEITUAN DIANPING 5.2 %
CHINA CONSTRUCTION BANK-H 3.0 %
PING AN INSURANCE GROUP CO-H 2.5 %
HONG KONG EXCHANGES & CLEAR 2.5 %
IND & COMM BK OF CHINA - H 1.9 %
HYNIX SEMICONDUCTOR INC 1.7 %
Total 63.7 %

TOP COUNTRY EXPOSURE
CHINA 34.4 %
SOUTH KOREA 23.0 %
TAIWAN 19.8 %
HONG KONG 17.4 %
SINGAPORE 3.7 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
9.5% 29.8% 13.8% 8.8% 5.2%

Market Correlations
versus... Beta R-squared
S&P500 0.81 54%
MSCI EAFE 0.95 63%
MSCI Emg. Mkts. 0.88 84%

Technical Indicators
Recent close $70.22
30d moving avg. $72.21
Annualized volatility 19.3%
Short interest (ETF) 0.1%
Relative strength (RSI) 45

Liquidity measures
Avg. volume (thou.) 313
Turnover 1.2%
Bid/Ask (% of price) 0.13%
ADV underlying (mns) $7,269

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 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™: 8.3%


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
(%)
AAXJ iShares MSCI All Country Asia ex Japan ETF 38.7 68 -18 7.3 -0.9
FLAX Franklin FTSE Asia Ex Japan ETF 38.5 19 31 8.0 -0.3
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 34.9 49 1 7.9 -0.3
EEMA iShares MSCI Emerging Markets Asia ETF 33.6 50 0 7.9 -0.4
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 32.8 20 30 7.0 -1.2
BKEM BNY Mellon Emerging Markets Equity ETF 32.5 11 39 8.7 +0.4
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 32.0 30 20 8.0 -0.2
FLCH Franklin FTSE China ETF 31.7 19 31 8.7 +0.4
MCHI iShares MSCI China ETF 31.3 59 -9 8.2 -0.1
FXI iShares China Large-Cap ETF 30.2 74 -24 14.3 +6.0
XCEM Columbia EM Core ex-China ETF 30.1 16 34 7.4 -0.8
GXC SPDR S&P China ETF 29.9 59 -9 8.5 +0.2
ESGE iShares ESG MSCI EM ETF 29.4 25 25 8.9 +0.6
JHEM John Hancock Multifactor Emerging Markets ETF 29.0 49 1 8.9 +0.6
EEM iShares MSCI Emerging Markets ETF 28.8 68 -18 7.7 -0.6
CHIL Global X MSCI China Large-Cap 50 ETF 28.8 29 21 8.1 -0.2
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 28.7 65 -15 7.7 -0.6
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 28.7 32 18 6.1 -2.2
EMXC iShares MSCI Emerging Markets ex China ETF 27.5 25 25 8.4 +0.1
EEMO Invesco S&P Emerging Markets Momentum ETF 27.3 29 21 6.6 -1.7
IEMG iShares Core MSCI Emerging Markets ETF 25.9 13 37 8.2 -0.1
NUEM Nuveen ESG Emerging Markets Equity ETF 25.8 45 5 7.2 -1.1
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 25.5 45 5 7.8 -0.4
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 25.5 36 14 7.8 -0.5
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 25.1 40 10 7.5 -0.8
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 24.8 95 -45 8.5 +0.2
PXH Invesco FTSE RAFI Emerging Markets ETF 24.5 50 0 14.1 +5.8
PBEE Invesco PureBeta FTSE Emerging Markets ETF 24.2 15 35 9.0 +0.7
SCHE Schwab Emerging Markets Equity ETF 23.9 11 39 8.2 -0.0
FLKR Franklin FTSE South Korea ETF 23.0 9 41 9.1 +0.9
DVEM WisdomTree Emerging Markets Dividend Fund 22.9 32 18 7.5 -0.7
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 22.7 39 11 13.7 +5.4
KALL KraneShares FTSE Emerging Markets Plus ETF 22.3 49 1 8.4 +0.1
CXSE WisdomTree China ex-State-Owned Enterprises Fund 22.2 32 18 6.2 -2.1
FRDM Freedom 100 Emerging Markets ETF 22.0 49 1 7.0 -1.3
BKF iShares MSCI BRIC ETF 21.9 69 -19 7.8 -0.5
EWY iShares MSCI South Korea ETF 21.5 59 -9 8.7 +0.4
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 21.2 49 1 8.1 -0.1
SPEM SPDR Portfolio Emerging Markets ETF 20.8 11 39 8.2 -0.0
CN Xtrackers MSCI All China Equity ETF 20.8 50 0 8.5 +0.2
GMF SPDR S&P Emerging Asia Pacific ETF 20.5 49 1 7.6 -0.6
FLTW Franklin FTSE Taiwan ETF 19.8 19 31 6.5 -1.8
EWT iShares MSCI Taiwan ETF 19.8 59 -9 6.3 -2.0
VWO Vanguard FTSE Emerging Markets ETF 19.5 10 40 8.3 +0.0
BICK First Trust BICK Index Fund 18.7 64 -14 4.7 -3.6
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 18.6 59 -9 11.5 +3.3
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 18.5 32 18 9.3 +1.1
EPP iShares MSCI Pacific ex-Japan ETF 18.3 48 2 6.6 -1.6
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF 17.5 19 31 6.9 -1.4
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 17.3 30 20 9.0 +0.8
FDEM Fidelity Targeted Emerging Markets Factor ETF 17.2 45 5 8.9 +0.6
FDNI First Trust Dow Jones International Internet ETF 16.3 65 -15 2.2 -6.0
WUGI Esoterica NextG Economy ETF 15.4 75 -25 1.6 -6.7
FLHK Franklin FTSE Hong Kong ETF 14.6 9 41 8.2 -0.0
EWH iShares MSCI Hong Kong ETF 14.6 49 1 7.0 -1.2
CQQQ Invesco China Technology ETF 14.5 70 -20 4.1 -4.2
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 14.1 86 -36 2.3 -6.0
KWEB KraneShares CSI China Internet ETF 14.0 76 -26 2.0 -6.2
ZHOK SPDR Solactive Hong Kong ETF 13.8 14 36 6.9 -1.4
TTTN UP Fintech China-U.S. Internet Titans ETF 13.5 59 -9 4.3 -4.0
ECON Columbia Emerging Markets Consumer ETF 13.3 59 -9 4.7 -3.6
ISEM Invesco Strategic Emerging Markets ETF 13.2 35 15 11.2 +3.0
DEM WisdomTree Emerging Markets High Dividend Fund 12.8 63 -13 15.5 +7.3
VSGX Vanguard ESG International Stock ETF 12.2 17 33 7.2 -1.1
RNEM Emerging Markets Equity Select ETF 12.2 75 -25 12.4 +4.2
VPL Vanguard FTSE Pacific ETF 12.0 8 42 7.5 -0.8
AVEM Avantis Emerging Markets Equity ETF 11.8 33 17 9.3 +1.0
VYMI Vanguard International High Dividend Yield ETF 11.7 27 23 10.5 +2.2
ROAM Hartford Multifactor Emerging Markets ETF 11.7 44 6 13.6 +5.3
IXP iShares Global Comm Services ETF 11.6 46 4 5.9 -2.4
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 11.4 16 34 7.0 -1.3
DINT Davis Select International ETF 11.2 68 -18 6.2 -2.1
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 11.2 80 -30 7.8 -0.5
CHIC Global X Nasdaq China Technology ETF 11.0 66 -16 4.3 -4.0
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 10.7 45 5 9.3 +1.1
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 10.7 25 25 8.1 -0.1
AIQ Global X Future Analytics Tech ETF 10.5 68 -18 4.2 -4.1
ACWX iShares MSCI ACWI ex U.S. ETF 10.3 32 18 7.4 -0.9
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 10.3 44 6 9.2 +1.0
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 10.3 20 30 11.7 +3.4
PIE Invesco DWA Emerging Markets Momentum ETF 10.2 90 -40 5.1 -3.2
EMMF WisdomTree Emerging Markets Multifactor Fund 10.1 48 2 9.8 +1.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 10.1 40 10 7.1 -1.1
SOCL Global X Social Media ETF 10.1 65 -15 1.8 -6.4
CHIX Global X China Financials ETF 10.1 66 -16 21.0 +12.8
VIGI Vanguard International Dividend Appreciation ETF 9.9 20 30 5.6 -2.7
EELV Invesco S&P Emerging Markets Low Volatility ETF 9.8 29 21 10.3 +2.0
DWLD Davis Select Worldwide ETF 9.5 63 -13 6.8 -1.5
IXG iShares Global Financials ETF 9.5 46 4 10.5 +2.2
FKO First Trust South Korea AlphadDEX Fund 9.3 80 -30 10.3 +2.0
IXUS ishares Core MSCI Total International Stock ETF 8.9 9 41 7.5 -0.8
VXUS Vanguard Total International Stock Index Fund 8.8 8 42 7.6 -0.6
VEU Vanguard FTSE All-World ex-US Index Fund 8.4 8 42 7.7 -0.6
IXN iShares Global Tech ETF 8.0 46 4 7.1 -1.1
IQDY FlexShares International Quality Dividend Dynamic Index Fund 7.8 47 3 9.4 +1.1
CWI SPDR MSCI ACWI ex-US ETF 7.7 30 20 7.3 -1.0
ESPO VanEck Vectors Video Gaming & eSports ETF 7.6 55 -5 2.7 -5.6
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 7.5 45 5 14.9 +6.7

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:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.7 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 8.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.26 CATEGORY
AVERAGE
1.44
 
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.