iShares MSCI Malaysia ETF
ALTAR
Score™		 5.7% info Recommen-
dation		 UNDERWEIGHT
2024E    2025E
P/E
ratio		 14.0x P/Sales
ratio		 2.0x
P/BV
ratio		 1.4x Div.
yield		 4.1%


  • 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) $255
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 32
Wgt avg mkt cap (mns) $10,891
Large cap (>$10bn) 46.7%
Mid cap ($2-10bn) 53.3%
Small cap (<$2bn) 0.0%
Developed mkts 0.0%
Emerging mkts 100.0%

TOP TEN HOLDINGS
PUBLIC BANK BHD-FOREIGN MKT 12.9 %
MALAYAN BANKING BHD 11.2 %
CIMB GROUP HOLDINGS BHD 8.9 %
TENAGA NASIONAL BHD 6.4 %
PRESS METAL ALUMINIUM HOLDINGS BER 4.3 %
PETRONAS CHEMICALS GROUP BHD 4.1 %
PETRONAS GAS BHD 3.0 %
DIGI.COM BHD 3.0 %
IHH HEALTHCARE BHD 2.8 %
HONG LEONG BANK BERHAD 2.7 %
Total 59.4 %

TOP COUNTRY EXPOSURE
MALAYSIA 100.0 %










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.
2.3% 1.6% -2.8% -3.7% 1.0%

Market Correlations
versus... Beta R-squared
S&P500 0.57 40%
MSCI EAFE 0.70 55%
MSCI Emg. Mkts. 0.67 54%

Technical Indicators
Recent close $22.09
30d moving avg. $21.26
Annualized volatility 16.0%
Short interest (ETF) 9.2%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 415
Turnover 3.6%
Bid/Ask (% of price) 0.05%
ADV underlying (mns) $43

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 103 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™: 5.7%


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 14.9 65 -15 6.5 +0.8
EELV Invesco S&P Emerging Markets Low Volatility ETF 12.3 29 21 8.3 +2.7
EDOG ALPS Emerging Sector Dividend Dogs ETF 8.8 60 -10 14.8 +9.1
EDIV SPDR S&P Emerging Markets Dividend ETF 6.4 49 1 11.0 +5.3
GVAL Cambria Global Value ETF 6.2 68 -18 12.3 +6.7
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 4.7 40 10 7.2 +1.5
LNGG Roundhill Alerian LNG ETF 4.3 65 -15 8.6 +2.9
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 4.1 25 25 7.0 +1.4
EMMF WisdomTree Emerging Markets Multifactor Fund 3.8 48 2 9.4 +3.7
FRDM Freedom 100 Emerging Markets ETF 3.4 49 1 7.3 +1.7
ROAM Hartford Multifactor Emerging Markets ETF 3.2 44 6 11.8 +6.1
ECOW Pacer Emerging Markets Cash Cows 100 ETF 3.0 70 -20 11.4 +5.8
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 3.0 90 -40 6.9 +1.3
MOO VanEck Agribusiness ETF 2.8 53 -3 9.4 +3.7
ADIV SmartETFs Asia Pacific Dividend Builder ETF 2.7 78 -28 8.9 +3.3
BJK VanEck Gaming ETF 2.7 65 -15 1.8 -3.8
OBOR KraneShares MSCI One Belt One Road Index ETF 2.5 79 -29 10.4 +4.7
LDEM iShares ESG MSCI EM Leaders ETF 2.4 17 33 7.8 +2.1
FTAG First Trust Indxx Global Agriculture ETF 2.4 70 -20 9.1 +3.5
RODE Hartford Multifactor Diversified International ETF 2.3 29 21 11.5 +5.9
ESGE iShares ESG Aware MSCI EM ETF 2.3 25 25 7.7 +2.1
VIDI Vident International Equity Strategy ETF 2.3 61 -11 11.9 +6.3
FEM First Trust Emerging Markets AlphaDEX Fund 2.2 80 -30 16.4 +10.8
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 2.2 44 6 10.4 +4.7
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 2.1 24 26 7.2 +1.5
GMF SPDR S&P Emerging Asia Pacific ETF 2.1 49 1 6.4 +0.7
EMXF iShares ESG Advanced MSCI EM ETF 2.1 16 34 7.5 +1.8
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 2.0 20 30 7.5 +1.9
RNEM First Trust Emerging Markets Equity Select ETF 2.0 75 -25 8.3 +2.6
DEM WisdomTree Emerging Markets High Dividend Fund 2.0 63 -13 12.9 +7.3
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 2.0 32 18 7.6 +1.9
FEEM FlexShares ESG & Climate Emerging Markets Core Index ETF 1.9 18 32 7.9 +2.2
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 1.9 30 20 8.6 +2.9
EMXC iShares MSCI Emerging Markets ex China ETF 1.9 25 25 6.7 +1.0
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund 1.9 80 -30 14.2 +8.6
EEMA iShares MSCI Emerging Markets Asia ETF 1.8 49 1 6.7 +1.0
JHEM John Hancock Multifactor Emerging Markets ETF 1.7 49 1 8.4 +2.7
DVYE iShares Emerging Markets Dividend ETF 1.7 49 1 16.6 +11.0
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 1.7 39 11 12.6 +6.9
FLAX Franklin FTSE Asia Ex Japan ETF 1.7 19 31 7.2 +1.5
SCHE Schwab Emerging Markets Equity ETF 1.7 11 39 7.6 +1.9
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.7 70 -20 6.3 +0.7
VEGI iShares MSCI Agriculture Producers ETF 1.6 39 11 9.2 +3.5
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 1.6 58 -8 10.2 +4.5
XCEM Columbia EM Core ex-China ETF 1.6 16 34 7.4 +1.7
VWO Vanguard FTSE Emerging Markets ETF 1.5 8 42 7.6 +1.9
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.5 50 0 10.6 +4.9
UEVM VictoryShares Emerging Markets Value Momentum ETF 1.5 45 5 12.8 +7.2
XC WisdomTree Emerging Markets Ex-China Fund 1.5 32 18 6.2 +0.5
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 1.4 30 20 7.5 +1.9
EEM iShares MSCI Emerging Markets ETF 1.4 69 -19 7.0 +1.3
BKEM BNY Mellon Emerging Markets Equity ETF 1.3 11 39 7.7 +2.1
AVES Avantis Emerging Markets Value ETF 1.3 36 14 12.2 +6.5
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.3 66 -16 7.2 +1.6
SPEM SPDR Portfolio Emerging Markets ETF 1.2 7 43 7.5 +1.9
NUEM Nuveen ESG Emerging Markets Equity ETF 1.2 36 14 6.8 +1.2
IEMG iShares Core MSCI Emerging Markets ETF 1.2 9 41 7.5 +1.9
DFAE Dimensional Emerging Core Equity Market ETF 1.2 35 15 7.7 +2.1
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 1.1 15 35 7.1 +1.4
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 1.1 46 4 8.9 +3.2
DEHP Dimensional Emerging Markets High Profitability ETF 1.1 41 9 7.3 +1.6
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 1.1 59 -9 9.6 +3.9
AVEM Avantis Emerging Markets Equity ETF 1.0 33 17 9.1 +3.5
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 1.0 32 18 6.3 +0.6
EMGF iShares Emerging Markets Equity Factor ETF 1.0 25 25 8.7 +3.0
DFEV Dimensional Emerging Markets Value ETF 1.0 43 7 10.9 +5.3
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 0.9 20 30 10.7 +5.1
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.8 38 12 8.3 +2.6
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.8 88 -38 6.2 +0.6
VYMI Vanguard International High Dividend Yield ETF 0.8 22 28 9.7 +4.0
DWX SPDR S&P International Dividend ETF 0.7 45 5 7.1 +1.5
EEMO Invesco S&P Emerging Markets Momentum ETF 0.6 29 21 6.2 +0.5
STXE Strive Emerging Markets Ex-China ETF 0.6 32 18 6.9 +1.2
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.6 41 9 7.8 +2.2
DEW WisdomTree Global High Dividend Fund 0.6 58 -8 9.0 +3.4
PXH Invesco FTSE RAFI Emerging Markets ETF 0.5 49 1 12.5 +6.8
JSTC Adasina Social Justice All Cap Global ETF 0.5 89 -39 4.7 -0.9
NXTG First Trust Indxx NextG ETF 0.5 70 -20 6.0 +0.3
HART IQ Healthy Hearts ETF 0.5 45 5 5.3 -0.3
FDEM Fidelity Emerging Markets Multifactor ETF 0.5 25 25 12.0 +6.3
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.4 33 17 7.2 +1.5
VEU Vanguard FTSE All-World ex-US Index Fund 0.4 8 42 7.2 +1.5
ACWV iShares MSCI Global Min Vol Factor ETF 0.4 20 30 6.7 +1.0
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.4 95 -45 11.4 +5.8
VSGX Vanguard ESG International Stock ETF 0.4 12 38 6.8 +1.2
VXUS Vanguard Total International Stock ETF 0.4 7 43 7.1 +1.5
ACWX iShares MSCI ACWI ex U.S. ETF 0.4 34 16 6.7 +1.0
PICK iShares MSCI Global Metals & Mining Producers ETF 0.4 39 11 11.0 +5.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.4 41 9 6.6 +1.0
IXUS iShares Core MSCI Total International Stock ETF 0.3 7 43 6.9 +1.3
CWI SPDR MSCI ACWI ex-US ETF 0.3 30 20 6.8 +1.2
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.3 42 8 6.8 +1.1
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.2 30 20 7.8 +2.1
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.2 47 3 5.9 +0.3
SCHY Schwab International Dividend Equity ETF 0.2 14 36 9.3 +3.6
GLOF iShares Global Equity Factor ETF 0.2 20 30 7.0 +1.4
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.2 7 43 6.5 +0.9
ACWI iShares MSCI ACWI ETF 0.2 32 18 5.5 -0.2
VT Vanguard Total World Stock ETF 0.1 7 43 5.8 +0.2
SDG iShares MSCI Global Sustainable Development Goals ETF 0.1 49 1 5.8 +0.1
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.1 20 30 5.6 -0.1
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 41 5.7 +0.0
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.0 12 38 5.0 -0.6

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 8.4 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 5.7 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.49 CATEGORY
AVERAGE		 1.51
 
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.