iShares MSCI Emg Mkts Asia
ALTAR
Score™
8.6% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
14.1x P/Sales
ratio
1.0x
P/BV
ratio
1.5x Div.
yield
2.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
iShares MSCI Emerging Markets Asia ETF is an exchange-traded fund incorporated in the USA. The ETF seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Emerging Markets Asia Index.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor BlackRock Funds/USA
Website www.ishares.com
Inception date Feb 09, 2012
Assets (mns) $452
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 Full
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 900
Wgt avg mkt cap (mns) $119,496
Large cap (>$10bn) 75.0%
Mid cap ($2-10bn) 23.2%
Small cap (<$2bn) 1.8%
Developed mkts 9.8%
Emerging mkts 90.3%

TOP TEN HOLDINGS
ALIBABA GROUP HOLDING LTD. SPONSOR 7.1 %
TENCENT HOLDINGS LTD 5.6 %
TAIWAN SEMICONDUCTOR MANUFAC 5.4 %
SAMSUNG ELECTRONICS CO LTD 4.6 %
CHINA CONSTRUCTION BANK-H 1.9 %
PING AN INSURANCE GROUP CO-H 1.6 %
RELIANCE INDUSTRIES LTD 1.5 %
HOUSING DEVELOPMENT FINANCE 1.3 %
CHINA MOBILE LIMITED 1.2 %
IND & COMM BK OF CHINA - H 1.1 %
Total 31.2 %

TOP COUNTRY EXPOSURE
CHINA 37.6 %
TAIWAN 16.2 %
SOUTH KOREA 16.0 %
INDIA 12.3 %
HONG KONG 6.7 %
THAILAND 3.7 %
INDONESIA 2.9 %
MALAYSIA 2.7 %
PHILIPPINES 1.5 %
SINGAPORE 0.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
10.3% 6.3% 4.3% -- 4.2%

Market Correlations
versus... Beta R-squared
S&P500 0.95 55%
MSCI EAFE 1.17 69%
MSCI Emg. Mkts. 1.06 91%

Technical Indicators
Recent close $67.49
30d moving avg. $67.33
Annualized volatility 15.5%
Short interest (ETF) 0.3%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 14
Turnover 0.2%
Bid/Ask (% of price) 0.16%
ADV underlying (mns) $27,260

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the iShares MSCI Emg Mkts Asia ETF based on the alternatives' overlap in portfolio holdings with EEMA. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EEMA Expense: 50 bp ALTAR Score™: 8.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EEMA
Ticker Fund
Name
Overlap1
vs EEMA
(%)
Expense
ratio
(bp)
Savings
vs EEMA
(bp)
ALTAR
Score™
(%)
ALTAR
vs EEMA
(%)
AAXJ iShares MSCI Asia ex-Japan 83.2 67 -17 8.1 -0.5
FLAX Franklin FTSE Asia Ex Japan 79.3 19 31 8.6 -0.0
EEM iShares MSCI Emerging Markets 71.3 67 -17 8.4 -0.2
DBEM Xtrackers MSCI Emg. Mkts. Hedged 67.1 65 -15 8.3 -0.3
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free 66.5 30 20 8.4 -0.2
JHEM John Hancock Multifactor Emerging Markets 66.3 55 -5 8.7 +0.1
SCHE Schwab Emerging Markets Equity 63.8 13 37 8.6 -0.1
IEMG iShares Core MSCI Emerging Markets 63.7 14 36 8.6 -0.1
GMF SPDR S&P Emerging Asia Pacific 60.8 49 1 8.0 -0.6
XSOE WisdomTree Emg Mkt ex-SOE 59.9 32 18 6.8 -1.8
BKF iShares MSCI BRIC 55.7 67 -17 8.6 -0.1
PBEE Invesco PureBeta FTSE Emerging Markets 54.8 14 36 9.2 +0.6
GEM Goldman Sachs ActiveBeta Emg Mkts Equity 53.7 45 5 9.0 +0.3
VWO Vanguard Emerging Markets 53.2 12 38 8.5 -0.1
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity 50.6 20 30 8.0 -0.7
DVEM WisdomTree Emerging Markets Dividend 50.2 32 18 11.2 +2.6
ESGE iShares MSCI EM ESG Optimized 49.2 25 25 9.2 +0.6
SPEM SPDR Portfolio Emerging Markets 47.4 11 39 8.4 -0.3
QEMM SPDR MSCI Emerging Markets Quality Mix 46.1 30 20 9.0 +0.4
TLTE FlexShares Mngstr Emerging Markets Factor Tilt 45.2 59 -9 10.4 +1.8

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

  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

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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:
iShares MSCI Emg Mkts Asia
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 12.6 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 8.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.39 CATEGORY
AVERAGE
1.49
 
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.