WisdomTree Emerging Markets Consumer Growth Fund
ALTAR
Score™
7.9% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
15.9x P/Sales
ratio
1.1x
P/BV
ratio
1.8x Div.
yield
2.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
WisdomTree Emerging Markets Consumer Growth Fund is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond to the WisdomTree Emerging Markets Consumer Growth Index. The Fund invests in companies that best exemplify growth trends in emerging markets consumers and their local economies.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor WisdomTree Asset Management In
Website www.wisdomtree.com
Inception date Sep 27, 2013
Assets (mns) $23
Currency USD
Expense ratio 32 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian Bank of New York Mellon/The
Weighting Fundamental
Index replication Optimized
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 229
Wgt avg mkt cap (mns) $68,034
Large cap (>$10bn) 50.7%
Mid cap ($2-10bn) 42.3%
Small cap (<$2bn) 6.9%
Developed mkts 8.2%
Emerging mkts 91.8%

TOP TEN HOLDINGS
SAMSUNG ELECTRONICS CO LTD 3.5 %
TENCENT HOLDINGS LTD 3.4 %
ALIBABA GROUP HOLDING LTD. SPONSOR 3.3 %
TAIWAN SEMICONDUCTOR MANUFAC 2.7 %
MERCADOLIBRE INC 2.5 %
DAUM COMMUNICATIONS CORP 1.2 %
JD.COM INC-ADR 1.0 %
HYNIX SEMICONDUCTOR INC 1.0 %
KWEICHOW MOUTAI CO LTD-A 0.9 %
HOUSING DEVELOPMENT FINANCE 0.9 %
Total 20.3 %

TOP COUNTRY EXPOSURE
CHINA 26.0 %
TAIWAN 12.6 %
SOUTH KOREA 12.1 %
INDIA 8.7 %
HONG KONG 6.4 %
BRAZIL 6.0 %
MEXICO 4.6 %
THAILAND 3.7 %
INDONESIA 3.7 %
PHILIPPINES 3.6 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-14.9% -3.6% -2.2% -- -1.0%

Market Correlations
versus... Beta R-squared
S&P500 0.88 64%
MSCI EAFE 1.04 77%
MSCI Emg. Mkts. 0.91 90%

Technical Indicators
Recent close $19.98
30d moving avg. $19.39
Annualized volatility 18.6%
Short interest (ETF) 0.0%
Relative strength (RSI) 56

Liquidity measures
Avg. volume (thou.) 33
Turnover 2.9%
Bid/Ask (% of price) 0.45%
ADV underlying (mns) $18,560

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the WisdomTree Emerging Markets Consumer Growth Fund ETF based on the alternatives' overlap in portfolio holdings with EMCG. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EMCG Expense: 32 bp ALTAR Score™: 7.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EMCG
Ticker Fund
Name
Overlap1
vs EMCG
(%)
Expense
ratio
(bp)
Savings
vs EMCG
(bp)
ALTAR
Score™
(%)
ALTAR
vs EMCG
(%)
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 48.8 32 0 9.6 +1.7
DVEM WisdomTree Emerging Markets Dividend Fund 43.3 32 0 9.2 +1.3
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 40.0 45 -13 8.8 +0.8
JHEM John Hancock Multifactor Emerging Markets ETF 36.2 55 -23 8.9 +1.0
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 35.9 30 2 8.9 +1.0
EEMA iShares MSCI Emerging Markets Asia ETF 35.4 50 -18 8.5 +0.6
EMMF WisdomTree Emerging Markets Multifactor Fund 35.1 48 -16 9.9 +2.0
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 34.2 32 0 6.9 -1.1
EEM iShares MSCI Emerging Markets ETF 32.8 68 -36 8.3 +0.4
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 32.5 65 -33 8.4 +0.5
AAXJ iShares MSCI All Country Asia ex Japan ETF 31.5 68 -36 8.0 +0.1
ESGE iShares ESG MSCI EM ETF 31.2 25 7 9.8 +1.8
IEMG iShares Core MSCI Emerging Markets ETF 30.7 14 18 8.8 +0.8
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 30.7 30 2 9.5 +1.5
FLAX Franklin FTSE Asia Ex Japan ETF 30.3 19 13 8.6 +0.6
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 28.9 95 -63 10.2 +2.3
SCHE Schwab Emerging Markets Equity ETF 28.0 13 19 8.7 +0.8
BKF iShares MSCI BRIC ETF 26.6 69 -37 8.5 +0.6
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 26.5 45 -13 10.0 +2.1
PBEE Invesco PureBeta FTSE Emerging Markets ETF 25.4 14 18 9.6 +1.7
VWO Vanguard FTSE Emerging Markets ETF 25.4 10 22 8.9 +1.0
SPEM SPDR Portfolio Emerging Markets ETF 25.3 11 21 8.7 +0.7
FDEM Fidelity Targeted Emerging Markets Factor ETF 24.7 45 -13 9.8 +1.9
GMF SPDR S&P Emerging Asia Pacific ETF 24.5 49 -17 8.0 +0.1
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 24.4 20 12 7.7 -0.2
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 24.4 45 -13 9.0 +1.1
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 24.0 49 -17 9.1 +1.1
ROAM Hartford Multifactor Emerging Markets ETF 23.4 44 -12 15.1 +7.2
MCHI iShares MSCI China ETF 23.3 59 -27 9.1 +1.2
EEMO Invesco S&P Emerging Markets Momentum ETF 23.3 30 2 7.3 -0.7
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 22.9 50 -18 9.9 +2.0
AVEM Avantis Emerging Markets Equity ETF 22.8 33 -1 9.6 +1.7
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 22.8 25 7 8.5 +0.6
GXC SPDR S&P China ETF 22.6 59 -27 9.0 +1.0
KALL KraneShares FTSE Emerging Markets Plus ETF 22.6 49 -17 9.1 +1.2
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 22.5 49 -17 8.4 +0.5
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 22.3 40 -8 7.9 -0.0
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 22.3 59 -27 11.2 +3.2
FLCH Franklin FTSE China ETF 21.7 19 13 9.3 +1.4
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 21.2 64 -32 5.3 -2.6
PXH Invesco FTSE RAFI Emerging Markets ETF 20.7 50 -18 13.8 +5.9
CXSE WisdomTree China ex-State-Owned Enterprises Fund 20.7 32 0 7.0 -0.9
EMXC iShares MSCI Emerging Markets ex China ETF 20.3 49 -17 8.5 +0.6
WCHN WisdomTree ICBCCS S&P China 500 Fund 20.1 55 -23 9.2 +1.3
ECON Columbia Emerging Markets Consumer ETF 19.6 59 -27 4.9 -3.0
ISEM Invesco Strategic Emerging Markets ETF 19.4 35 -3 10.4 +2.5
NUEM Nuveen ESG Emerging Markets Equity ETF 18.8 45 -13 7.9 -0.1
CN Xtrackers MSCI All China Equity ETF 18.6 50 -18 9.4 +1.4
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 17.9 39 -7 13.2 +5.3
PIE Invesco DWA Emerging Markets Momentum ETF 17.0 90 -58 5.7 -2.2
EELV Invesco S&P Emerging Markets Low Volatility ETF 16.8 29 3 9.9 +2.0
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 16.2 45 -13 13.5 +5.6
CHIL Global X MSCI China Large-Cap 50 ETF 16.1 29 3 9.6 +1.7
AXJL WisdomTree Asia Pacific ex-Japan Fund 16.0 48 -16 10.0 +2.1
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 15.4 80 -48 1.7 -6.2
RNEM Emerging Markets Equity Select ETF 15.3 75 -43 10.6 +2.6
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 15.3 86 -54 2.4 -5.6
XCEM Columbia EM Core ex-China ETF 14.4 16 16 7.9 0.0
BICK First Trust BICK Index Fund 14.3 64 -32 4.5 -3.4
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 13.0 16 16 7.2 -0.7
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 12.7 60 -28 8.6 +0.7
EWT iShares MSCI Taiwan ETF 12.4 59 -27 6.5 -1.5
TTTN UP Fintech China-U.S. Internet Titans ETF 12.0 59 -27 5.1 -2.8
AIA iShares Asia 50 ETF 12.0 50 -18 9.1 +1.2
FDNI First Trust Dow Jones International Internet ETF 11.7 65 -33 2.9 -5.1
GBUY Goldman Sachs Motif New Age Consumer ETF 11.6 50 -18 2.1 -5.8
VSGX Vanguard ESG International Stock ETF 11.6 17 15 7.5 -0.4
EWY iShares MSCI South Korea ETF 11.5 59 -27 9.3 +1.3
FLTW Franklin FTSE Taiwan ETF 11.4 19 13 6.8 -1.2
EMFM Global X MSCI Next Emerging & Frontier ETF 11.3 55 -23 8.8 +0.9
VIGI Vanguard International Dividend Appreciation ETF 11.2 25 7 6.0 -1.9
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 11.1 40 -8 7.5 -0.4
FEM First Trust Emerging Markets AlphaDEX Fund 10.8 80 -48 11.7 +3.8
FLKR Franklin FTSE South Korea ETF 10.8 9 23 9.9 +2.0
PEK VanEck Vectors ChinaAMC CSI 300 ETF 10.7 60 -28 8.1 +0.2
FLLA Franklin FTSE Latin America ETF 10.6 19 13 7.2 -0.8
KWEB KraneShares CSI China Internet ETF 10.6 76 -44 3.5 -4.4
ACWX iShares MSCI ACWI ex U.S. ETF 10.6 32 0 7.6 -0.3
FRDM Freedom 100 Emerging Markets ETF 10.3 49 -17 7.5 -0.4
OGIG O'Shares Global Internet Giants ETF 9.9 48 -16 0.5 -7.4
IXUS ishares Core MSCI Total International Stock ETF 9.8 9 23 7.7 -0.2
BUYZ Franklin Disruptive Commerce ETF 9.7 50 -18 -0.1 -8.1
GIGE SoFi Gig Economy ETF 9.7 59 -27 -0.6 -8.6
DOGS Arrow Dogs of the World ETF 9.6 134 -102 11.5 +3.6
CHIQ Global X China Consumer ETF 9.5 65 -33 9.4 +1.5
VXUS Vanguard Total International Stock Index Fund 9.1 8 24 7.8 -0.1
AIQ Global X Future Analytics Tech ETF 9.0 68 -36 4.2 -3.7
JOYY Infusive Compounding Global Equities ETF 9.0 50 -18 3.9 -4.0
CWI SPDR MSCI ACWI ex-US ETF 8.9 30 2 7.8 -0.2
VIDI Vident International Equity Fund 8.9 59 -27 11.6 +3.7
VEU Vanguard FTSE All-World ex-US Index Fund 8.8 8 24 7.9 -0.1
GENY Principal Millennials Index ETF 8.6 45 -13 4.0 -3.9
INDA iShares MSCI India ETF 8.6 69 -37 6.0 -1.9
PNQI Invesco NASDAQ Internet ETF 8.6 62 -30 1.2 -6.7
FLIN Franklin FTSE India ETF 8.5 19 13 6.4 -1.5
EBIZ Global X E-Commerce ETF 8.4 50 -18 3.0 -5.0
FLN First Trust Latin America AlphaDEX Fund 8.3 80 -48 8.4 +0.5
PIN Invesco India ETF 8.1 82 -50 6.4 -1.5
ECOW Pacer Emerging Markets Cash Cows 100 ETF 8.1 70 -38 13.1 +5.1
DNL WisdomTree Global ex-US Dividend Growth Fund 8.1 58 -26 8.0 +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:
WisdomTree Emerging Markets Consumer Growth Fund
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 14.6 %
Divided by: Fwd. P/BV 1.8 x
Less: Expense ratio 32 bp
Equals: ALTAR Score 7.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.42 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.