Columbia Emerging Markets Consumer
ALTAR
Score™
5.0% info Recommen-
dation
AVOID
2019E    2020E
P/E
ratio
23.1x P/Sales
ratio
1.6x
P/BV
ratio
3.1x Div.
yield
2.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Columbia Emerging Markets Consumer ETF& tracks a market-cap-weighted index of 30 leading emerging markets companies in the consumer goods & services industry.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Columbia
Website www.columbiathreadneedleetf.com
Inception date Sep 14, 2010
Assets (mns) $250
Currency USD
Expense ratio 59 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 61
Wgt avg mkt cap (mns) $82,581
Large cap (>$10bn) 83.0%
Mid cap ($2-10bn) 17.0%
Small cap (<$2bn) 0.0%
Developed mkts 18.3%
Emerging mkts 81.7%

TOP TEN HOLDINGS
TENCENT HOLDINGS LTD 5.5 %
ALIBABA GROUP HOLDING LTD. SPONSOR 5.1 %
CHINA MOBILE LIMITED 5.0 %
BAIDU INC - SPON ADR 4.8 %
HINDUSTAN UNILEVER LIMITED 4.5 %
JD.COM INC-ADR 4.1 %
ISHARES MSCI SAUDI ARABIA CAPPED 3.4 %
CHUNGHWA TELECOM CO., LTD 3.2 %
UNI-PRESIDENT ENTERPRISES CO 2.9 %
MARUTI SUZUKI INDIA LTD 2.9 %
Total 41.6 %

TOP COUNTRY EXPOSURE
CHINA 37.6 %
INDIA 11.6 %
TAIWAN 10.8 %
HONG KONG 9.6 %
BRAZIL 8.3 %
SOUTH AFRICA 3.5 %
NETHERLANDS 3.5 %
THAILAND 3.1 %
MEXICO 2.9 %
INDONESIA 2.6 %

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.
17.2% 17.2% -0.6% -- 1.9%

Market Correlations
versus... Beta R-squared
S&P500 0.80 46%
MSCI EAFE 1.12 75%
MSCI Emg. Mkts. 0.89 82%

Technical Indicators
Recent close $24.41
30d moving avg. $23.57
Annualized volatility 14.2%
Short interest (ETF) 0.2%
Relative strength (RSI) 70

Liquidity measures
Avg. volume (thou.) 27
Turnover 0.3%
Bid/Ask (% of price) 0.18%
ADV underlying (mns) $6,030

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Columbia Emerging Markets Consumer ETF based on the alternatives' overlap in portfolio holdings with ECON. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: ECON Expense: 59 bp ALTAR Score™: 5.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH ECON
Ticker Fund
Name
Overlap1
vs ECON
(%)
Expense
ratio
(bp)
Savings
vs ECON
(bp)
ALTAR
Score™
(%)
ALTAR
vs ECON
(%)
CHIL Global X MSCI China Large-Cap 50 32.2 29 30 9.3 +4.3
EMQQ Emerging Markets Internet & E-Commerce 28.0 86 -27 3.2 -1.8
KWEB KraneShares CSI China Internet 28.0 76 -17 3.5 -1.5
CXSE WisdomTree China ex-State Owned Enterprises 27.7 32 27 6.2 +1.1
EEB Invesco BRIC 27.3 64 -5 6.1 +1.1
FDNI First Trust Dow Jones International Internet 27.0 65 -6 3.8 -1.3
KEMQ KraneShares EM Consumer Focus 26.4 80 -21 8.3 +3.2
FNI First Trust ISE Chindia 26.0 59 0 3.6 -1.4
TTTN TigerShares China-U.S. Internet Titans 25.1 59 0 3.6 -1.4
MCHI iShares MSCI China 24.6 59 0 8.1 +3.0
PGJ Invesco Golden Dragon China 24.4 70 -11 3.2 -1.8
FLCH Franklin FTSE China 23.4 19 40 8.6 +3.5
GXC SPDR S&P China ETF 22.9 59 0 8.1 +3.1
KALL KraneShares MSCI China All Shares 22.3 49 10 8.1 +3.1
BKF iShares MSCI BRIC 22.3 67 -8 7.7 +2.7
CHIC Global X MSCI China Communication Services 22.0 65 -6 4.7 -0.3
CHIQ Global X MSCI China Consumer Discretionary 21.7 65 -6 4.7 -0.3
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free 21.4 30 29 7.9 +2.8
GMF SPDR S&P Emerging Asia Pacific 20.8 49 10 7.4 +2.4
PBEE Invesco PureBeta FTSE Emerging Markets 20.8 14 45 8.5 +3.4

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%.

Content on this tab for subscribers only**

RESULTS & ESTIMATES

  2014 2015 2016 2017 2018 2019E 2020E
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

Content on this tab for subscribers only

VALUATION METRICS
  2018 2019E 2020E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Columbia Emerging Markets Consumer
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 16.0 %
Divided by: Fwd. P/BV 2.8 x
Less: Expense ratio 59 bp
Equals: ALTAR Score 5.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.48 CATEGORY
AVERAGE
1.48
 
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.