iShares MSCI Emerging Markets Asia ETF
ALTAR
Score™
8.0% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
15.9x P/Sales
ratio
1.1x
P/BV
ratio
1.5x Div.
yield
2.4%


  • 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 08, 2012
Assets (mns) $568
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 878
Wgt avg mkt cap (mns) $159,705
Large cap (>$10bn) 74.6%
Mid cap ($2-10bn) 22.8%
Small cap (<$2bn) 1.5%
Developed mkts 11.1%
Emerging mkts 88.9%

TOP TEN HOLDINGS
ALIBABA GROUP HOLDING LTD. SPONSOR 8.4 %
TENCENT HOLDINGS LTD 5.6 %
TAIWAN SEMICONDUCTOR MANUFAC 5.4 %
SAMSUNG ELECTRONICS CO LTD 3.4 %
MEITUAN DIANPING 1.9 %
RELIANCE INDUSTRIES LTD 1.8 %
JD.COM INC-ADR 1.3 %
CHINA CONSTRUCTION BANK-H 1.3 %
PING AN INSURANCE GROUP CO-H 1.3 %
INFOSYS TECHNOLOGIES LTD 1.0 %
Total 31.5 %

TOP COUNTRY EXPOSURE
CHINA 43.9 %
TAIWAN 15.6 %
SOUTH KOREA 14.4 %
INDIA 11.4 %
HONG KONG 5.7 %
THAILAND 2.7 %
MALAYSIA 2.5 %
INDONESIA 1.9 %
PHILIPPINES 1.1 %
PAKISTAN 0.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
5.9% 19.3% 10.3% -- 5.4%

Market Correlations
versus... Beta R-squared
S&P500 0.85 63%
MSCI EAFE 0.99 70%
MSCI Emg. Mkts. 0.89 90%

Technical Indicators
Recent close $74.68
30d moving avg. $75.20
Annualized volatility 18.9%
Short interest (ETF) 0.2%
Relative strength (RSI) 47

Liquidity measures
Avg. volume (thou.) 47
Turnover 0.6%
Bid/Ask (% of price) 0.35%
ADV underlying (mns) $15,866

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 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™: 8.0%


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 81.5 68 -18 7.2 -0.8
FLAX Franklin FTSE Asia Ex Japan ETF 79.1 19 31 7.8 -0.1
EEM iShares MSCI Emerging Markets ETF 75.3 68 -18 7.6 -0.4
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 72.5 65 -15 7.6 -0.4
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 70.3 30 20 7.9 -0.1
IEMG iShares Core MSCI Emerging Markets ETF 68.5 13 37 8.1 +0.1
SCHE Schwab Emerging Markets Equity ETF 68.3 11 39 8.1 +0.1
JHEM John Hancock Multifactor Emerging Markets ETF 68.0 49 1 9.0 +1.0
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 67.8 36 14 7.5 -0.5
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 62.1 32 18 5.9 -2.1
GMF SPDR S&P Emerging Asia Pacific ETF 61.7 49 1 7.3 -0.7
VWO Vanguard FTSE Emerging Markets ETF 59.7 10 40 8.2 +0.2
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 59.1 45 5 7.7 -0.3
ESGE iShares ESG MSCI EM ETF 58.9 25 25 8.8 +0.9
BKF iShares MSCI BRIC ETF 58.5 69 -19 7.7 -0.3
PBEE Invesco PureBeta FTSE Emerging Markets ETF 57.3 15 35 8.7 +0.7
BKEM BNY Mellon Emerging Markets Equity ETF 55.6 11 39 8.4 +0.5
SPEM SPDR Portfolio Emerging Markets ETF 54.6 11 39 8.0 -0.0
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 53.6 20 30 6.9 -1.1
DVEM WisdomTree Emerging Markets Dividend Fund 50.5 32 18 7.4 -0.5
MCHI iShares MSCI China ETF 48.7 59 -9 7.9 -0.0
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 48.6 30 20 9.0 +1.0
GXC SPDR S&P China ETF 47.6 59 -9 8.0 +0.0
FLCH Franklin FTSE China ETF 47.3 19 31 8.5 +0.5
AVEM Avantis Emerging Markets Equity ETF 45.4 33 17 9.1 +1.1
PXH Invesco FTSE RAFI Emerging Markets ETF 43.6 50 0 13.7 +5.8
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 43.2 59 -9 11.3 +3.4
EEMO Invesco S&P Emerging Markets Momentum ETF 42.8 29 21 4.1 -3.9
CN Xtrackers MSCI All China Equity ETF 42.7 50 0 8.3 +0.3
KALL KraneShares FTSE Emerging Markets Plus ETF 42.6 49 1 8.2 +0.2
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 40.6 49 1 8.1 +0.1
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 39.1 40 10 7.4 -0.6
NUEM Nuveen ESG Emerging Markets Equity ETF 38.3 45 5 7.1 -0.9
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 36.8 95 -45 8.2 +0.3
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 36.7 49 1 7.9 -0.1
EMXC iShares MSCI Emerging Markets ex China ETF 36.3 25 25 8.3 +0.3
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 35.3 32 18 9.3 +1.3
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 35.2 39 11 13.8 +5.8
FDEM Fidelity Targeted Emerging Markets Factor ETF 34.1 45 5 8.7 +0.8
ISEM Invesco Strategic Emerging Markets ETF 33.3 35 15 10.9 +2.9
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 33.0 25 25 8.1 +0.1
CXSE WisdomTree China ex-State-Owned Enterprises Fund 32.3 32 18 5.8 -2.2
CHIL Global X MSCI China Large-Cap 50 ETF 32.2 29 21 7.9 -0.1
AIA iShares Asia 50 ETF 31.1 50 0 8.1 +0.1
EMMF WisdomTree Emerging Markets Multifactor Fund 30.6 48 2 9.7 +1.8
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 28.9 50 0 10.2 +2.2
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 26.7 44 6 9.3 +1.3
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 25.6 45 5 9.3 +1.4
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 24.1 16 34 6.9 -1.1
ROAM Hartford Multifactor Emerging Markets ETF 23.6 44 6 13.4 +5.4
VSGX Vanguard ESG International Stock ETF 22.6 17 33 7.1 -0.8
ECON Columbia Emerging Markets Consumer ETF 22.3 59 -9 5.0 -2.9
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 22.0 40 10 7.1 -0.9
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 22.0 86 -36 2.3 -5.7
KWEB KraneShares CSI China Internet ETF 21.2 76 -26 2.1 -5.9
FDNI First Trust Dow Jones International Internet ETF 21.2 65 -15 2.1 -5.9
BICK First Trust BICK Index Fund 20.7 64 -14 4.9 -3.1
ACWX iShares MSCI ACWI ex U.S. ETF 20.4 32 18 7.3 -0.7
XCEM Columbia EM Core ex-China ETF 20.0 16 34 7.3 -0.6
RNEM Emerging Markets Equity Select ETF 19.9 75 -25 12.0 +4.0
IXUS ishares Core MSCI Total International Stock ETF 19.8 9 41 7.4 -0.6
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 19.2 45 5 14.8 +6.9
TTTN UP Fintech China-U.S. Internet Titans ETF 19.0 59 -9 4.4 -3.5
VEU Vanguard FTSE All-World ex-US Index Fund 18.4 8 42 7.6 -0.4
FXI iShares China Large-Cap ETF 18.3 74 -24 13.9 +5.9
VXUS Vanguard Total International Stock Index Fund 18.1 8 42 7.6 -0.4
VYMI Vanguard International High Dividend Yield ETF 18.0 27 23 10.2 +2.3
CHIQ Global X China Consumer ETF 17.1 65 -15 7.2 -0.8
PIE Invesco DWA Emerging Markets Momentum ETF 17.0 90 -40 5.2 -2.8
CWI SPDR MSCI ACWI ex-US ETF 16.8 30 20 7.3 -0.7
EELV Invesco S&P Emerging Markets Low Volatility ETF 16.7 29 21 10.1 +2.1
EWT iShares MSCI Taiwan ETF 15.6 59 -9 6.2 -1.8
FLTW Franklin FTSE Taiwan ETF 15.3 19 31 6.3 -1.7
OGIG O'Shares Global Internet Giants ETF 14.5 48 2 0.6 -7.4
EWY iShares MSCI South Korea ETF 14.4 59 -9 8.6 +0.6
PEK VanEck Vectors ChinaAMC CSI 300 ETF 14.4 60 -10 4.0 -4.0
FLKR Franklin FTSE South Korea ETF 14.3 9 41 8.9 +1.0
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 14.3 18 32 5.2 -2.8
FNI First Trust Chindia ETF 14.1 60 -10 2.6 -5.4
DEM WisdomTree Emerging Markets High Dividend Fund 14.1 63 -13 15.4 +7.5
PGJ Invesco Golden Dragon China ETF 13.9 70 -20 3.5 -4.5
VIGI Vanguard International Dividend Appreciation ETF 13.4 20 30 5.6 -2.4
GBUY Goldman Sachs Motif New Age Consumer ETF 12.7 50 0 1.8 -6.2
WUGI Esoterica NextG Economy ETF 12.7 75 -25 1.6 -6.4
FRDM Freedom 100 Emerging Markets ETF 12.5 49 1 6.7 -1.3
DINT Davis Select International ETF 12.4 68 -18 6.0 -1.9
AIQ Global X Future Analytics Tech ETF 12.3 68 -18 4.1 -3.9
PNQI Invesco NASDAQ Internet ETF 12.0 60 -10 1.0 -7.0
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 11.7 20 30 11.6 +3.7
FLIN Franklin FTSE India ETF 11.4 19 31 5.7 -2.3
INDA iShares MSCI India ETF 11.4 69 -19 5.4 -2.6
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 10.9 60 -10 9.1 +1.2
EPI WisdomTree India Earnings Fund 10.7 84 -34 8.7 +0.8
BUYZ Franklin Disruptive Commerce ETF 10.6 50 0 -0.2 -8.1
DWLD Davis Select Worldwide ETF 10.4 63 -13 6.7 -1.3
GIGE SoFi Gig Economy ETF 10.4 59 -9 -0.7 -8.7
PIN Invesco India ETF 10.4 78 -28 6.1 -1.9
ACWF iShares FactorSelect MSCI Global ETF 10.2 35 15 8.1 +0.1

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 12.1 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 8.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.34 CATEGORY
AVERAGE
1.43
 
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.