EMQQ The Emerging Markets Internet & Ecommerce ETF
ALTAR
Score™
2.3% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
34.2x P/Sales
ratio
2.5x
P/BV
ratio
3.5x Div.
yield
0.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Emerging Markets Internet and Ecommerce ETF is an exchange-traded fund incorporated in the USA. The Fund tracks the performance of the Emerging Markets Internet Index™ by targeting companies whose primary business is e-commerce or Internet-related activities that generate most of their revenues in emerging market countries.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Exchange Traded Concepts LLC
Website www.exchangetradedconcepts.com
Inception date Nov 13, 2014
Assets (mns) $442
Currency USD
Expense ratio 86 bp
Distributions Annually

FUND STRUCTURE
Regulation Statutory Trust
Custodian Bank of New York Mellon
Weighting Market Cap
Index replication Optimized
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 77
Wgt avg mkt cap (mns) $100,802
Large cap (>$10bn) 72.1%
Mid cap ($2-10bn) 15.7%
Small cap (<$2bn) 2.9%
Developed mkts 29.0%
Emerging mkts 71.0%

TOP TEN HOLDINGS
TENCENT HOLDINGS LTD 8.1 %
NASPERS LTD-N SHS 7.7 %
ALIBABA GROUP HOLDING LTD. SPONSOR 7.5 %
MERCADOLIBRE INC 7.3 %
PROSUS N.V. CLASS N 5.5 %
MEITUAN DIANPING 5.3 %
JD.COM INC-ADR 4.9 %
BAIDU INC - SPON ADR 4.8 %
NETEASE.COM INC-ADR 4.4 %
NHN CORP 4.3 %
Total 59.8 %

TOP COUNTRY EXPOSURE
CHINA 54.2 %
SOUTH AFRICA 8.3 %
SOUTH KOREA 8.3 %
ARGENTINA 7.5 %
BRAZIL 3.9 %
NETHERLANDS 2.9 %
GERMANY 2.5 %
SINGAPORE 1.8 %
CYPRUS 1.3 %
INDIA 0.9 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-0.3% 16.9% 9.5% -- 7.3%

Market Correlations
versus... Beta R-squared
S&P500 1.34 59%
MSCI EAFE 1.56 66%
MSCI Emg. Mkts. 1.22 70%

Technical Indicators
Recent close $35.52
30d moving avg. $37.16
Annualized volatility 21.2%
Short interest (ETF) 0.8%
Relative strength (RSI) 43

Liquidity measures
Avg. volume (thou.) 126
Turnover 1.0%
Bid/Ask (% of price) 0.14%
ADV underlying (mns) $7,464

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: EMQQ Expense: 86 bp ALTAR Score™: 2.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EMQQ
Ticker Fund
Name
Overlap1
vs EMQQ
(%)
Expense
ratio
(bp)
Savings
vs EMQQ
(bp)
ALTAR
Score™
(%)
ALTAR
vs EMQQ
(%)
FDNI First Trust Dow Jones International Internet ETF 62.6 65 21 2.9 +0.6
KWEB KraneShares CSI China Internet ETF 54.0 76 10 3.1 +0.7
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 44.0 80 6 7.3 +4.9
TTTN UP Fintech China-U.S. Internet Titans ETF 42.4 59 27 3.8 +1.5
PGJ Invesco Golden Dragon China ETF 37.5 70 16 3.2 +0.8
CQQQ Invesco China Technology ETF 36.2 70 16 4.1 +1.8
FNI First Trust Chindia ETF 34.7 59 27 3.7 +1.4
CXSE WisdomTree China ex-State-Owned Enterprises Fund 32.6 32 54 6.2 +3.9
SOCL Global X Social Media ETF 30.8 65 21 3.1 +0.7
PNQI Invesco NASDAQ Internet ETF 28.4 62 24 2.6 +0.2
ECON Columbia Emerging Markets Consumer ETF 28.0 59 27 5.1 +2.8
PLAT WisdomTree Modern Tech Platforms Fund 27.4 45 41 2.2 -0.2
DINT Davis Select International ETF 26.1 75 11 5.7 +3.3
CHIL Global X MSCI China Large-Cap 50 ETF 25.7 29 57 9.8 +7.5
FLCH Franklin FTSE China ETF 25.5 19 67 9.2 +6.9
GXC SPDR S&P China ETF 24.7 59 27 8.8 +6.4
EEB Invesco BRIC ETF 24.4 64 22 6.6 +4.2
CHIQ Global X China Consumer ETF 23.8 65 21 4.7 +2.4
MCHI iShares MSCI China ETF 23.7 59 27 8.8 +6.5
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 23.5 32 54 6.8 +4.5

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:
EMQQ The Emerging Markets Internet & Ecommerce ETF
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 11.1 %
Divided by: Fwd. P/BV 3.5 x
Less: Expense ratio 86 bp
Equals: ALTAR Score 2.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.24 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.