iShares MSCI Emerging Markets Asia ETF
ALTAR
Score™
9.9% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
11.3x P/Sales
ratio
0.9x
P/BV
ratio
1.2x Div.
yield
3.2%


  • 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) $420
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 898
Wgt avg mkt cap (mns) $121,996
Large cap (>$10bn) 72.1%
Mid cap ($2-10bn) 25.0%
Small cap (<$2bn) 2.7%
Developed mkts 10.8%
Emerging mkts 89.2%

TOP TEN HOLDINGS
ALIBABA GROUP HOLDING LTD. SPONSOR 7.5 %
TENCENT HOLDINGS LTD 6.6 %
TAIWAN SEMICONDUCTOR MANUFAC 5.1 %
SAMSUNG ELECTRONICS CO LTD 4.3 %
CHINA CONSTRUCTION BANK-H 2.2 %
PING AN INSURANCE GROUP CO-H 1.6 %
CHINA MOBILE LIMITED 1.4 %
IND & COMM BK OF CHINA - H 1.2 %
RELIANCE INDUSTRIES LTD 1.2 %
HYNIX SEMICONDUCTOR INC 1.1 %
Total 32.2 %

TOP COUNTRY EXPOSURE
CHINA 42.2 %
TAIWAN 15.8 %
SOUTH KOREA 14.5 %
INDIA 9.8 %
HONG KONG 7.0 %
THAILAND 3.0 %
MALAYSIA 2.6 %
INDONESIA 2.2 %
PHILIPPINES 1.2 %


HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-19.5% -14.2% 0.5% -- 2.2%

Market Correlations
versus... Beta R-squared
S&P500 0.90 61%
MSCI EAFE 0.98 71%
MSCI Emg. Mkts. 0.92 90%

Technical Indicators
Recent close $57.92
30d moving avg. $59.58
Annualized volatility 17.6%
Short interest (ETF) 0.2%
Relative strength (RSI) 39

Liquidity measures
Avg. volume (thou.) 92
Turnover 1.3%
Bid/Ask (% of price) 0.53%
ADV underlying (mns) $52,014

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the iShares MSCI Emerging Markets Asia ETF 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™: 9.9%


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 All Country Asia ex Japan ETF 81.6 68 -18 9.2 -0.7
FLAX Franklin FTSE Asia Ex Japan ETF 78.6 19 31 9.8 -0.1
EEM iShares MSCI Emerging Markets ETF 73.6 68 -18 9.8 -0.1
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 71.9 65 -15 9.8 -0.1
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 69.0 30 20 10.1 +0.2
JHEM John Hancock Multifactor Emerging Markets ETF 68.9 55 -5 10.5 +0.6
SCHE Schwab Emerging Markets Equity ETF 67.9 13 37 10.1 +0.3
IEMG iShares Core MSCI Emerging Markets ETF 66.7 14 36 10.3 +0.4
GMF SPDR S&P Emerging Asia Pacific ETF 63.2 49 1 9.2 -0.6
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 60.9 32 18 8.2 -1.7
VWO Vanguard FTSE Emerging Markets ETF 58.2 10 40 10.2 +0.4
PBEE Invesco PureBeta FTSE Emerging Markets ETF 58.0 14 36 11.0 +1.1
BKF iShares MSCI BRIC ETF 57.4 69 -19 9.8 -0.0
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 56.9 45 5 10.1 +0.2
SPEM SPDR Portfolio Emerging Markets ETF 52.3 11 39 10.0 +0.1
ESGE iShares ESG MSCI EM ETF 51.3 25 25 11.3 +1.5
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 50.0 20 30 9.0 -0.8
MCHI iShares MSCI China ETF 49.0 59 -9 10.0 +0.1
DVEM WisdomTree Emerging Markets Dividend Fund 48.4 32 18 10.7 +0.8
GXC SPDR S&P China ETF 47.8 59 -9 9.9 +0.0
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 47.6 30 20 10.6 +0.8
FLCH Franklin FTSE China ETF 46.8 19 31 10.2 +0.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 46.5 59 -9 12.9 +3.0
CN Xtrackers MSCI All China Equity ETF 44.6 50 0 10.2 +0.4
KALL KraneShares FTSE Emerging Markets Plus ETF 43.8 49 1 9.9 +0.0
PXH Invesco FTSE RAFI Emerging Markets ETF 43.2 50 0 15.7 +5.8
AVEM Avantis Emerging Markets Equity ETF 42.8 33 17 11.3 +1.5
WCHN WisdomTree ICBCCS S&P China 500 Fund 42.8 55 -5 9.7 -0.2
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 41.6 95 -45 12.0 +2.2
AXJL WisdomTree Asia Pacific ex-Japan Fund 37.5 48 2 10.6 +0.8
EMXC iShares MSCI Emerging Markets ex China ETF 37.2 49 1 10.1 +0.2
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 36.7 49 1 10.1 +0.2
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 36.4 39 11 15.0 +5.1
EMCG WisdomTree Emerging Markets Consumer Growth Fund 35.5 32 18 8.9 -1.0
NUEM Nuveen ESG Emerging Markets Equity ETF 35.3 45 5 9.1 -0.8
ISEM Invesco Strategic Emerging Markets ETF 35.2 35 15 11.6 +1.7
AIA iShares Asia 50 ETF 34.1 50 0 9.9 +0.0
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 34.1 32 18 11.1 +1.3
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 33.8 49 1 10.7 +0.8
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 33.6 40 10 8.7 -1.1
CHIL Global X MSCI China Large-Cap 50 ETF 33.1 29 21 10.3 +0.5
CXSE WisdomTree China ex-State-Owned Enterprises Fund 29.3 32 18 8.0 -1.9
FDEM Fidelity Targeted Emerging Markets Factor ETF 29.0 45 5 11.3 +1.4
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 28.7 25 25 9.6 -0.3
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 28.4 45 5 10.3 +0.5
CEZ Victory CEMP Emerging Market Volatility Wtd Index ETF 27.6 50 0 12.3 +2.4
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 26.4 64 -14 7.6 -2.3
ROAM Hartford Multifactor Emerging Markets ETF 26.0 44 6 17.2 +7.4
EMMF WisdomTree Emerging Markets Multifactor Fund 24.1 48 2 11.6 +1.7
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 23.1 45 5 11.4 +1.6
BICK First Trust BICK Index Fund 22.9 64 -14 6.1 -3.8
FXI iShares China Large-Cap ETF 21.9 74 -24 14.3 +4.4
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 20.8 16 34 8.5 -1.4
ECON Columbia Emerging Markets Consumer ETF 20.7 59 -9 5.6 -4.3
RNEM Emerging Markets Equity Select ETF 20.5 75 -25 11.4 +1.5
XCEM Columbia EM Core ex-China ETF 20.2 16 34 9.4 -0.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 20.2 40 10 8.9 -1.0
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 19.7 86 -36 3.3 -6.6
EELV Invesco S&P Emerging Markets Low Volatility ETF 19.3 29 21 12.3 +2.4
ACWX iShares MSCI ACWI ex U.S. ETF 19.2 32 18 9.1 -0.8
KWEB KraneShares CSI China Internet ETF 19.1 76 -26 4.3 -5.6
FDNI First Trust Dow Jones International Internet ETF 19.0 65 -15 4.0 -5.9
IXUS ishares Core MSCI Total International Stock ETF 18.6 9 41 9.2 -0.6
DEM WisdomTree Emerging Markets High Dividend Fund 18.4 63 -13 16.2 +6.4
VSGX Vanguard ESG International Stock ETF 18.2 17 33 8.8 -1.0
TTTN UP Fintech China-U.S. Internet Titans ETF 17.6 59 -9 6.0 -3.9
VXUS Vanguard Total International Stock Index Fund 17.5 8 42 9.4 -0.5
VEU Vanguard FTSE All-World ex-US Index Fund 17.3 8 42 9.4 -0.5
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 17.2 45 5 15.8 +5.9
JOYY Infusive Compounding Global Equities ETF 16.7 50 0 4.8 -5.0
EWT iShares MSCI Taiwan ETF 15.8 59 -9 7.5 -2.3
PIE Invesco DWA Emerging Markets Momentum ETF 15.7 90 -40 6.9 -3.0
CWI SPDR MSCI ACWI ex-US ETF 15.5 30 20 9.0 -0.8
FLTW Franklin FTSE Taiwan ETF 15.2 19 31 7.9 -2.0
VIGI Vanguard International Dividend Appreciation ETF 15.1 25 25 6.9 -2.9
VYMI Vanguard International High Dividend Yield ETF 14.6 32 18 11.9 +2.1
EWY iShares MSCI South Korea ETF 14.5 59 -9 11.5 +1.6
FLKR Franklin FTSE South Korea ETF 14.4 9 41 12.1 +2.2
OGIG O'Shares Global Internet Giants ETF 13.9 48 2 0.9 -8.9
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 13.6 20 30 12.6 +2.7
FRDM Freedom 100 Emerging Markets ETF 13.6 49 1 8.8 -1.0
FNI First Trust Chindia ETF 13.3 59 -9 4.4 -5.4
DOGS Arrow Dogs of the World ETF 12.9 134 -84 13.6 +3.7
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 12.9 80 -30 2.1 -7.8
PGJ Invesco Golden Dragon China ETF 12.9 70 -20 4.2 -5.6
CHIQ Global X China Consumer ETF 12.9 65 -15 11.7 +1.8
LVHE Legg Mason Emerging Markets Low Volatility High Dividend ETF 12.4 51 -1 13.5 +3.7
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 12.0 18 32 7.0 -2.8
BUYZ Franklin Disruptive Commerce ETF 11.8 50 0 0.2 -9.6
AIQ Global X Future Analytics Tech ETF 11.8 68 -18 5.4 -4.5
GBUY Goldman Sachs Motif New Age Consumer ETF 11.5 50 0 3.5 -6.4
ACWF iShares FactorSelect MSCI Global ETF 11.3 35 15 9.6 -0.2
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 11.2 60 -10 9.9 +0.0
PNQI Invesco NASDAQ Internet ETF 10.9 62 -12 3.0 -6.9
CHIC Global X Nasdaq China Technology ETF 10.8 65 -15 4.7 -5.2
EDIV SPDR S&P Emerging Markets Dividend ETF 10.6 49 1 13.0 +3.2
DINT Davis Select International ETF 10.6 75 -25 7.8 -2.0
EEMO Invesco S&P Emerging Markets Momentum ETF 10.3 30 20 11.9 +2.0
CHIX Global X China Financials ETF 10.1 65 -15 19.2 +9.3
CQQQ Invesco China Technology ETF 9.8 70 -20 5.0 -4.9

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 MSCI Emerging Markets Asia 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 12.4 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 9.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.35 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.