iShares MSCI Malaysia ETF
ALTAR
Score™		 5.5% info Recommen-
dation		 UNDERWEIGHT
2024E    2025E
P/E
ratio		 14.8x P/Sales
ratio		 2.0x
P/BV
ratio		 1.4x Div.
yield		 3.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares MSCI Malaysia Index fund seeks investment results that correspond to the price and yield performance of publicly traded securities in the Malaysian market, as measured by the MSCI Malaysia Index.

FUND BASICS
Category International Equities
Fund Sponsor Barclays Global Investors
Website www.ishares.com
Inception date Mar 12, 1996
Assets (mns) $331
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 Optimized
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 33
Wgt avg mkt cap (mns) $12,936
Large cap (>$10bn) 44.3%
Mid cap ($2-10bn) 55.7%
Small cap (<$2bn) 0.0%
Developed mkts 0.0%
Emerging mkts 100.0%

TOP TEN HOLDINGS
PUBLIC BANK BHD-FOREIGN MKT 13.0 %
CIMB GROUP HOLDINGS BHD 10.8 %
MALAYAN BANKING BHD 10.7 %
TENAGA NASIONAL BHD 7.1 %
GAMUDA BHD 3.2 %
PRESS METAL ALUMINIUM HOLDINGS BER 3.1 %
IHH HEALTHCARE BHD 3.0 %
PETRONAS GAS BHD 2.9 %
DIGI.COM BHD 2.7 %
HONG LEONG BANK BERHAD 2.5 %
Total 59.2 %

TOP COUNTRY EXPOSURE
MALAYSIA 100.0 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
17.5% 23.2% 0.9% -2.3% 1.5%

Market Correlations
versus... Beta R-squared
S&P500 0.57 33%
MSCI EAFE 0.73 56%
MSCI Emg. Mkts. 0.70 50%

Technical Indicators
Recent close $24.24
30d moving avg. $26.06
Annualized volatility 17.2%
Short interest (ETF) 20.6%
Relative strength (RSI) 42

Liquidity measures
Avg. volume (thou.) 368
Turnover 2.7%
Bid/Ask (% of price) 0.05%
ADV underlying (mns) $46

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 108 potential alternatives to the iShares MSCI Malaysia ETF ETF based on the alternatives' overlap in portfolio holdings with EWM. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EWM Expense: 50 bp ALTAR Score™: 5.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EWM
Ticker Fund
Name		 Overlap1
vs EWM
(%)		 Expense
ratio
(bp)		 Savings
vs EWM
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs EWM
(%)
ASEA Global X FTSE Southeast Asia ETF 16.1 65 -15 6.3 +0.8
EELV Invesco S&P Emerging Markets Low Volatility ETF 13.2 29 21 8.7 +3.2
EDIV SPDR S&P Emerging Markets Dividend ETF 9.0 49 1 12.0 +6.5
EDOG ALPS Emerging Sector Dividend Dogs ETF 7.7 60 -10 13.4 +7.9
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 6.3 90 -40 6.1 +0.6
EMMF WisdomTree Emerging Markets Multifactor Fund 5.1 48 2 8.8 +3.3
LNGG Roundhill Alerian LNG ETF 4.9 65 -15 9.1 +3.6
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 4.8 40 10 8.3 +2.8
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 4.5 25 25 6.6 +1.1
EEMO Invesco S&P Emerging Markets Momentum ETF 4.2 29 21 5.5 +0.0
UEVM VictoryShares Emerging Markets Value Momentum ETF 3.8 45 5 12.3 +6.8
ROAM Hartford Multifactor Emerging Markets ETF 3.7 44 6 15.8 +10.3
ECOW Pacer Emerging Markets Cash Cows 100 ETF 3.5 70 -20 9.2 +3.7
MOO VanEck Agribusiness ETF 3.5 53 -3 9.7 +4.2
FRDM Freedom 100 Emerging Markets ETF 3.5 49 1 7.3 +1.8
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 2.9 44 6 10.6 +5.1
ADIV SmartETFs Asia Pacific Dividend Builder ETF 2.8 78 -28 9.0 +3.5
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 2.6 32 18 6.9 +1.4
ESGE iShares ESG Aware MSCI EM ETF 2.6 25 25 7.1 +1.6
RODE Hartford Multifactor Diversified International ETF 2.5 29 21 11.8 +6.3
LDEM iShares ESG MSCI EM Leaders ETF 2.5 17 33 7.6 +2.1
EMXF iShares ESG Advanced MSCI EM ETF 2.4 16 34 6.8 +1.3
BJK VanEck Gaming ETF 2.3 65 -15 1.4 -4.1
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 2.3 30 20 8.1 +2.6
OBOR KraneShares MSCI One Belt One Road Index ETF 2.2 79 -29 10.3 +4.8
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 2.2 58 -8 10.2 +4.7
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 2.2 24 26 9.2 +3.7
RNEM First Trust Emerging Markets Equity Select ETF 2.1 75 -25 7.6 +2.1
DEM WisdomTree Emerging Markets High Dividend Fund 2.1 63 -13 18.9 +13.4
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 2.1 18 32 6.8 +1.3
XCNY SPDR S&P Emerging Markets ex-China ETF 2.1 15 35 6.3 +0.8
VEGI iShares MSCI Agriculture Producers ETF 2.1 39 11 9.2 +3.7
GMF SPDR S&P Emerging Asia Pacific ETF 2.1 49 1 6.1 +0.6
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 2.1 20 30 6.8 +1.3
DVYE iShares Emerging Markets Dividend ETF 2.0 49 1 18.8 +13.3
FEM First Trust Emerging Markets AlphaDEX Fund 2.0 80 -30 13.0 +7.5
EMXC iShares MSCI Emerging Markets ex China ETF 2.0 25 25 6.7 +1.2
VIDI Vident International Equity Strategy ETF 1.9 61 -11 10.2 +4.7
EEMA iShares MSCI Emerging Markets Asia ETF 1.8 49 1 6.5 +1.0
XCEM Columbia EM Core ex-China ETF 1.8 16 34 7.7 +2.2
FTAG First Trust Indxx Global Agriculture ETF 1.8 70 -20 9.7 +4.2
SCHE Schwab Emerging Markets Equity ETF 1.8 11 39 7.1 +1.6
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 1.8 15 35 7.2 +1.7
JHEM John Hancock Multifactor Emerging Markets ETF 1.8 49 1 8.2 +2.7
FLAX Franklin FTSE Asia Ex Japan ETF 1.7 19 31 6.9 +1.4
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.7 50 0 13.0 +7.5
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.7 70 -20 6.2 +0.7
VWO Vanguard FTSE Emerging Markets ETF 1.6 8 42 6.9 +1.4
NUEM Nuveen ESG Emerging Markets Equity ETF 1.6 36 14 6.5 +1.0
EQLT iShares MSCI Emerging Markets Quality Factor ETF 1.5 35 15 7.4 +1.9
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 1.5 30 20 7.3 +1.8
EEM iShares MSCI Emerging Markets ETF 1.5 69 -19 6.9 +1.4
XC WisdomTree Emerging Markets Ex-China Fund 1.4 32 18 6.0 +0.5
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.4 66 -16 10.0 +4.5
ECON Columbia Emerging Markets Consumer ETF 1.3 49 1 7.3 +1.8
IEMG iShares Core MSCI Emerging Markets ETF 1.3 9 41 7.5 +2.0
BKEM BNY Mellon Emerging Markets Equity ETF 1.3 11 39 8.4 +2.9
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 1.2 39 11 12.5 +7.0
DFAE Dimensional Emerging Core Equity Market ETF 1.2 35 15 7.3 +1.8
SPEM SPDR Portfolio Emerging Markets ETF 1.2 7 43 7.3 +1.8
DEHP Dimensional Emerging Markets High Profitability ETF 1.2 41 9 5.0 -0.5
AVES Avantis Emerging Markets Value ETF 1.2 36 14 11.6 +6.1
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 1.2 59 -9 11.3 +5.8
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 1.2 88 -38 7.4 +1.9
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 1.2 80 -30 12.3 +6.8
EVLU iShares MSCI Emerging Markets Value Factor ETF 1.1 35 15 12.4 +6.9
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 1.1 32 18 6.2 +0.7
AVEM Avantis Emerging Markets Equity ETF 1.1 33 17 8.9 +3.4
DFEM Dimensional Emerging Markets Core Equity 2 ETF 1.0 38 12 7.8 +2.3
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 1.0 15 35 10.2 +4.7
EMGF iShares Emerging Markets Equity Factor ETF 1.0 25 25 8.5 +3.0
DFEV Dimensional Emerging Markets Value ETF 0.9 43 7 11.1 +5.6
IPAV Global X Infrastructure Development ex-U.S. ETF 0.9 55 -5 9.7 +4.2
VYMI Vanguard International High Dividend Yield ETF 0.8 22 28 9.8 +4.3
DWX SPDR S&P International Dividend ETF 0.7 45 5 6.5 +1.0
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.7 95 -45 10.5 +5.0
STXE Strive Emerging Markets Ex-China ETF 0.7 32 18 7.0 +1.5
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.6 41 9 7.4 +1.9
PXH Invesco FTSE RAFI Emerging Markets ETF 0.6 49 1 12.2 +6.7
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.6 46 4 9.3 +3.8
NXTG First Trust Indxx NextG ETF 0.6 70 -20 6.2 +0.7
DEW WisdomTree Global High Dividend Fund 0.5 58 -8 8.5 +3.0
HART IQ Healthy Hearts ETF 0.5 45 5 5.0 -0.5
VEU Vanguard FTSE All-World ex-US Index Fund 0.5 8 42 7.3 +1.8
VSGX Vanguard ESG International Stock ETF 0.5 12 38 6.8 +1.3
FDEM Fidelity Emerging Markets Multifactor ETF 0.5 25 25 12.3 +6.8
VXUS Vanguard Total International Stock ETF 0.5 7 43 7.2 +1.7
ACWV iShares MSCI Global Min Vol Factor ETF 0.5 20 30 6.3 +0.8
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.4 33 17 8.2 +2.7
ACWX iShares MSCI ACWI ex U.S. ETF 0.4 34 16 7.0 +1.5
JSTC Adasina Social Justice All Cap Global ETF 0.4 89 -39 4.9 -0.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.4 41 9 7.4 +1.9
IXUS iShares Core MSCI Total International Stock ETF 0.4 7 43 7.2 +1.7
PICK iShares MSCI Global Metals & Mining Producers ETF 0.4 39 11 12.8 +7.3
CWI SPDR MSCI ACWI ex-US ETF 0.3 30 20 6.9 +1.4
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.3 30 20 8.0 +2.5
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.3 42 8 8.1 +2.6
SCHY Schwab International Dividend Equity ETF 0.2 14 36 9.3 +3.8
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.2 10 40 7.7 +2.2
SDG iShares MSCI Global Sustainable Development Goals ETF 0.2 49 1 5.6 +0.1
GLOF iShares Global Equity Factor ETF 0.2 20 30 7.0 +1.5
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 30 5.2 -0.4
VT Vanguard Total World Stock ETF 0.2 7 43 5.5 +0.0
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.2 7 43 6.7 +1.2
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.2 47 3 5.5 -0.1
ACWI iShares MSCI ACWI ETF 0.1 32 18 5.3 -0.2
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 41 5.4 -0.2
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.0 12 38 4.8 -0.7

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

  2019 2020 2021 2022 2023 2024E 2025E
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
  2023 2024E 2025E
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 Malaysia ETF
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 8.3 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 5.5 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.55 CATEGORY
AVERAGE		 1.60
 
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.