Global X Southeast Asia ETF
ALTAR
Score™
10.2% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
15.9x P/Sales
ratio
2.0x
P/BV
ratio
1.3x Div.
yield
3.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Global X FTSE Southeast Asia ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance of the FTSE Southeast Asia Index.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Global X Management Co LLC
Website www.globalxfunds.com
Inception date Feb 16, 2011
Assets (mns) $21
Currency USD
Expense ratio 65 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Brown Brothers Harriman & Co
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 41
Wgt avg mkt cap (mns) $22,593
Large cap (>$10bn) 82.6%
Mid cap ($2-10bn) 16.0%
Small cap (<$2bn) 0.0%
Developed mkts 29.5%
Emerging mkts 70.5%

TOP TEN HOLDINGS
DBS GROUP HOLDINGS LTD 8.7 %
OVERSEA-CHINESE BANKING CORP 7.2 %
BANK CENTRAL ASIA PT 6.3 %
UNITED OVERSEAS BANK LTD 6.1 %
PTT PCL-NVDR 5.7 %
SINGAPORE TELECOMMUNICATIONS LIMIT 4.3 %
PUBLIC BANK BHD-FOREIGN MKT 3.9 %
CP ALL PCL-NVDR 3.7 %
BANK RAKYAT INDONESIA 3.6 %
TENAGA NASIONAL BHD 3.4 %
Total 52.8 %

TOP COUNTRY EXPOSURE
SINGAPORE 30.0 %
THAILAND 26.7 %
INDONESIA 20.1 %
MALAYSIA 18.9 %
PHILIPPINES 6.4 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-22.0% -24.2% -0.9% -- 0.7%

Market Correlations
versus... Beta R-squared
S&P500 0.83 56%
MSCI EAFE 1.02 73%
MSCI Emg. Mkts. 0.82 75%

Technical Indicators
Recent close $12.66
30d moving avg. $12.63
Annualized volatility 18.8%
Short interest (ETF) 0.0%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 4
Turnover 0.2%
Bid/Ask (% of price) 1.13%
ADV underlying (mns) $2,315

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Global X Southeast Asia ETF ETF based on the alternatives' overlap in portfolio holdings with ASEA. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: ASEA Expense: 65 bp ALTAR Score™: 10.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH ASEA
Ticker Fund
Name
Overlap1
vs ASEA
(%)
Expense
ratio
(bp)
Savings
vs ASEA
(bp)
ALTAR
Score™
(%)
ALTAR
vs ASEA
(%)
EWS iShares MSCI Singapore ETF 30.3 50 15 8.6 -1.7
THD iShares MSCI Thailand ETF 25.0 59 6 10.0 -0.2
EMFM Global X MSCI Next Emerging & Frontier ETF 22.4 66 -1 9.0 -1.2
EIDO iShares MSCI Indonesia ETF 20.0 59 6 10.4 +0.2
EWM iShares MSCI Malaysia ETF 18.9 49 16 5.8 -4.4
IDX VanEck Vectors Indonesia Index ETF 16.9 57 8 9.3 -0.9
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 8.7 60 5 8.5 -1.7
ROAM Hartford Multifactor Emerging Markets ETF 8.6 44 21 15.0 +4.7
AXJL WisdomTree Asia Pacific ex-Japan Fund 7.9 48 17 9.7 -0.5
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 7.6 25 40 7.8 -2.4
FRDM Freedom 100 Emerging Markets ETF 7.5 49 16 7.0 -3.3
OBOR KraneShares MSCI One Belt One Road Index ETF 7.1 79 -14 9.5 -0.7
EDIV SPDR S&P Emerging Markets Dividend ETF 6.9 49 16 11.1 +0.8
LVHI Legg Mason International Low Volatility High Dividend ETF 6.6 40 25 9.2 -1.0
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF 6.5 19 46 6.9 -3.3
EPHE iShares MSCI Philippines ETF 6.5 59 6 8.1 -2.1
EMIF iShares Emerging Markets Infrastructure ETF 6.2 60 5 8.4 -1.8
EPP iShares MSCI Pacific ex-Japan ETF 6.0 48 17 6.6 -3.6
EMXC iShares MSCI Emerging Markets ex China ETF 6.0 25 40 8.5 -1.8
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 6.0 49 16 8.1 -2.1
FLAX Franklin FTSE Asia Ex Japan ETF 5.8 19 46 8.0 -2.2
DVYA iShares Asia/Pacific Dividend ETF 5.7 49 16 13.2 +3.0
XCEM Columbia EM Core ex-China ETF 5.7 16 49 7.4 -2.8
AAXJ iShares MSCI All Country Asia ex Japan ETF 5.5 68 -3 7.4 -2.9
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 5.2 20 45 7.1 -3.1
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 5.2 39 26 13.0 +2.8
SCIX Global X Scientific Beta Asia ex-Japan ETF 5.1 38 27 6.8 -3.5
RNEM Emerging Markets Equity Select ETF 5.1 75 -10 10.5 +0.3
CEY VictoryShares Emerging Market High Dividend Volatility Wtd E 4.9 51 14 13.5 +3.3
EEMA iShares MSCI Emerging Markets Asia ETF 4.9 50 15 7.9 -2.4
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 4.8 32 33 9.2 -1.0
DINT Davis Select International ETF 4.6 68 -3 5.9 -4.3
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 4.4 30 35 8.1 -2.1
ESGE iShares ESG MSCI EM ETF 4.4 25 40 9.0 -1.2
EDOG ALPS Emerging Sector Dividend Dogs ETF 4.4 60 5 10.9 +0.7
EMCG WisdomTree Emerging Markets Consumer Growth Fund 4.4 32 33 7.5 -2.7
AIA iShares Asia 50 ETF 4.3 50 15 8.3 -1.9
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 4.3 50 15 10.4 +0.2
PXH Invesco FTSE RAFI Emerging Markets ETF 4.3 50 15 13.4 +3.2
SCHE Schwab Emerging Markets Equity ETF 4.3 11 54 8.2 -2.1
PBEE Invesco PureBeta FTSE Emerging Markets ETF 4.2 15 50 9.0 -1.2
BKEM BNY Mellon Emerging Markets Equity ETF 4.1 11 54 8.7 -1.5
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 4.0 30 35 9.0 -1.3
JHEM John Hancock Multifactor Emerging Markets ETF 4.0 49 16 8.7 -1.6
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 4.0 40 25 7.3 -2.9
VIDI Vident International Equity Fund 3.9 59 6 11.5 +1.3
LVIN Hartford Multifactor Low Volatility International Equity ETF 3.8 29 36 12.3 +2.1
EELV Invesco S&P Emerging Markets Low Volatility ETF 3.8 29 36 9.9 -0.3
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 3.7 30 35 7.4 -2.8
DWX SPDR S&P International Dividend ETF 3.6 45 20 8.0 -2.2
MOTI VanEck Vectors Morningstar International Moat ETF 3.5 57 8 8.7 -1.6
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 3.5 44 21 9.1 -1.1
DFNL Davis Select Financial ETF 3.4 64 1 8.6 -1.6
GMF SPDR S&P Emerging Asia Pacific ETF 3.4 49 16 7.6 -2.7
EEM iShares MSCI Emerging Markets ETF 3.4 68 -3 7.7 -2.5
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 3.3 65 0 7.7 -2.5
FTAG First Trust Indxx Global Agriculture ETF 3.2 70 -5 6.5 -3.8
SOIL Global X Fertilizers/Potash ETF 3.2 70 -5 5.5 -4.7
GVAL Cambria Global Value ETF 3.1 69 -4 10.8 +0.6
IEMG iShares Core MSCI Emerging Markets ETF 3.0 13 52 8.2 -2.0
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 2.9 80 -15 5.9 -4.3
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 2.9 32 33 6.4 -3.9
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 2.8 20 45 11.1 +0.9
RWX SPDR Dow Jones International Real Estate ETF 2.8 59 6 6.6 -3.6
DBAP Xtrackers MSCI Asia Pacific ex Japan Hedged Equity ETF 2.7 10 55 9.1 -1.1
MOO VanEck Vectors Agribusiness ETF 2.7 56 9 5.5 -4.7
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 2.7 36 29 8.5 -1.7
EMMF WisdomTree Emerging Markets Multifactor Fund 2.6 48 17 9.8 -0.5
DWLD Davis Select Worldwide ETF 2.6 63 2 6.6 -3.6
VWO Vanguard FTSE Emerging Markets ETF 2.6 10 55 8.4 -1.9
IDLV Invesco S&P International Developed Low Volatility ETF 2.5 25 40 6.7 -3.5
FID First Trust S&P International Dividend Aristocrats ETF 2.5 60 5 9.8 -0.4
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 2.5 64 1 4.8 -5.4
VEGI iShares MSCI Global Agriculture Producers ETF 2.5 39 26 6.1 -4.1
NUEM Nuveen ESG Emerging Markets Equity ETF 2.4 45 20 7.6 -2.6
EEMO Invesco S&P Emerging Markets Momentum ETF 2.4 29 36 6.9 -3.4
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 2.4 49 16 8.9 -1.4
AVEM Avantis Emerging Markets Equity ETF 2.3 33 32 9.2 -1.0
SPEM SPDR Portfolio Emerging Markets ETF 2.3 11 54 8.1 -2.2
FDEM Fidelity Targeted Emerging Markets Factor ETF 2.3 45 20 9.7 -0.5
DVEM WisdomTree Emerging Markets Dividend Fund 2.3 32 33 8.5 -1.8
GUNR Flexshares Morningstar Global Upstream Natural Resources 2.2 46 19 5.8 -4.4
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 2.2 16 49 7.0 -3.2
DOO WisdomTree International Dividend ex-Financials Fund 2.1 58 7 8.8 -1.4
WDIV SPDR Global Dividend ETF 2.1 40 25 9.9 -0.4
ECON Columbia Emerging Markets Consumer ETF 2.0 59 6 4.6 -5.6
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 2.0 45 20 10.0 -0.2
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 2.0 59 6 11.4 +1.2
ACWV iShares Edge MSCI Min Vol Global ETF 1.9 20 45 5.7 -4.5
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 1.9 20 45 9.5 -0.8
TPIF Timothy Plan International ETF 1.9 62 3 6.4 -3.8
SDEM Global X SuperDividend Emerging Markets ETF 1.9 66 -1 16.0 +5.8
DEM WisdomTree Emerging Markets High Dividend Fund 1.8 63 2 14.1 +3.9
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.8 95 -30 9.6 -0.7
GNR SPDR S&P Global Natural Resources ETF 1.8 40 25 6.7 -3.6
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 1.8 45 20 8.2 -2.1
HAP VanEck Vectors Natural Resources ETF 1.7 50 15 6.4 -3.8
VNQI Vanguard Global ex-US Real Estate Index Fund 1.7 12 53 9.9 -0.3
DTH WisdomTree DEFA Equity Income Fund 1.7 58 7 9.7 -0.5
DOL WisdomTree International LargeCap Dividend Fund 1.7 48 17 8.6 -1.7

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:
Global X Southeast Asia ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 13.8 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 10.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.57 CATEGORY
AVERAGE
1.45
 
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.