iShares MSCI Malaysia ETF
ALTAR
Score™
6.0% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
23.1x P/Sales
ratio
2.7x
P/BV
ratio
1.6x Div.
yield
2.6%


  • 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) $403
Currency USD
Expense ratio 51 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 38
Wgt avg mkt cap (mns) $10,068
Large cap (>$10bn) 40.8%
Mid cap ($2-10bn) 56.2%
Small cap (<$2bn) 3.1%
Developed mkts 0.0%
Emerging mkts 100.0%

TOP TEN HOLDINGS
PUBLIC BANK BHD-FOREIGN MKT 13.4 %
MALAYAN BANKING BHD 6.7 %
TOP GLOVE CORP BHD 6.5 %
CIMB GROUP HOLDINGS BHD 5.4 %
TENAGA NASIONAL BHD 4.7 %
HARTALEGA HOLDINGS BHD 4.5 %
PETRONAS CHEMICALS GROUP BHD 3.7 %
PETRONAS GAS BHD 2.8 %
DIALOG GROUP BHD 2.7 %
DIGI.COM BHD 2.6 %
Total 53.1 %

TOP COUNTRY EXPOSURE
MALAYSIA 99.7 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
3.2% 3.2% 2.6% -0.5% 1.7%

Market Correlations
versus... Beta R-squared
S&P500 0.47 34%
MSCI EAFE 0.59 52%
MSCI Emg. Mkts. 0.55 58%

Technical Indicators
Recent close $27.99
30d moving avg. $28.69
Annualized volatility 15.2%
Short interest (ETF) 7.4%
Relative strength (RSI) 46

Liquidity measures
Avg. volume (thou.) 422
Turnover 2.9%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $425

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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: 51 bp ALTAR Score™: 6.0%


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
(%)
DFAE Dimensional Emerging Core Equity Market ETF 66.9 35 16 7.0 +1.0
ASEA Global X Southeast Asia ETF 17.4 65 -14 9.2 +3.3
EMFM Global X MSCI Next Emerging & Frontier ETF 8.1 66 -15 8.2 +2.2
EDOG ALPS Emerging Sector Dividend Dogs ETF 8.0 60 -9 9.0 +3.0
EELV Invesco S&P Emerging Markets Low Volatility ETF 6.9 29 22 9.5 +3.6
KMED KraneShares Emerging Markets Healthcare Index ETF 6.2 79 -28 2.1 -3.9
EMMF WisdomTree Emerging Markets Multifactor Fund 5.7 48 3 8.1 +2.1
CEZ VictoryShares Emerging Market Volatility Wtd ETF 5.4 50 1 9.5 +3.6
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 5.2 40 11 6.1 +0.1
CEY VictoryShares Emerging Market High Dividend Volatility Wtd E 5.2 51 0 18.7 +12.8
EMIF iShares Emerging Markets Infrastructure ETF 4.7 60 -9 8.9 +2.9
FDEM Fidelity Emerging Markets Multifactor ETF 4.5 45 6 7.7 +1.8
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 4.4 25 26 6.6 +0.6
EDIV SPDR S&P Emerging Markets Dividend ETF 4.1 49 2 10.5 +4.5
SDEM Global X MSCI SuperDividend Emerging Markets ETF 3.3 66 -15 16.5 +10.5
ROAM Hartford Multifactor Emerging Markets ETF 3.3 44 7 11.5 +5.6
OBOR KraneShares MSCI One Belt One Road Index ETF 3.0 79 -28 7.1 +1.1
JPEM J.P. Morgan Diversified Return Emerging Markets Equity ETF 2.7 44 7 8.2 +2.2
FTAG First Trust Indxx Global Agriculture ETF 2.7 70 -19 5.1 -0.9
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 2.6 30 21 7.5 +1.6
LDEM iShares ESG MSCI EM Leaders ETF 2.6 16 35 6.4 +0.4
ESGE iShares ESG Aware MSCI EM ETF 2.5 25 26 7.0 +1.1
XCEM Columbia EM Core ex-China ETF 2.4 16 35 5.9 -0.0
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 2.4 32 19 7.4 +1.5
EMXC iShares MSCI Emerging Markets ex China ETF 2.3 25 26 6.6 +0.6
MOO VanEck Vectors Agribusiness ETF 2.2 56 -5 4.6 -1.4
EEMA iShares MSCI Emerging Markets Asia ETF 2.1 50 1 6.3 +0.4
RODE Hartford Multifactor Diversified International ETF 2.1 29 22 10.5 +4.5
VEGI iShares MSCI Global Agriculture Producers ETF 2.1 39 12 4.4 -1.6
FEM First Trust Emerging Markets AlphaDEX Fund 2.1 80 -29 10.5 +4.5
EMXF iShares ESG Advanced MSCI EM ETF 2.1 16 35 7.1 +1.1
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 2.1 25 26 6.4 +0.4
ECOW Pacer Emerging Markets Cash Cows 100 ETF 2.0 74 -23 9.9 +4.0
JHEM John Hancock Multifactor Emerging Markets ETF 1.9 49 2 7.4 +1.5
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 1.9 46 5 5.1 -0.9
GMF SPDR S&P Emerging Asia Pacific ETF 1.9 49 2 5.9 -0.0
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 1.9 20 31 5.5 -0.5
RESE WisdomTree Emerging Markets ESG Fund 1.9 32 19 6.7 +0.7
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 1.9 61 -10 7.7 +1.8
RNEM First Trust Emerging Markets Equity Select ETF 1.8 75 -24 10.2 +4.2
SCHE Schwab Emerging Markets Equity ETF 1.8 11 40 6.7 +0.8
BJK VanEck Vectors Gaming ETF 1.8 66 -15 3.6 -2.4
NUEM Nuveen ESG Emerging Markets Equity ETF 1.7 45 6 5.4 -0.6
PBEE Invesco PureBeta FTSE Emerging Markets ETF 1.7 15 36 7.3 +1.3
VWO Vanguard FTSE Emerging Markets ETF 1.7 10 41 6.9 +1.0
DVYE iShares Emerging Markets Dividend ETF 1.7 49 2 16.7 +10.7
FLAX Franklin FTSE Asia Ex Japan ETF 1.7 19 32 6.2 +0.3
IQDE FlexShares International Quality Dividend Defensive Index ET 1.6 47 4 7.8 +1.8
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 1.6 45 6 12.1 +6.1
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 1.6 39 12 11.6 +5.6
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 1.6 30 21 6.4 +0.4
BKEM BNY Mellon Emerging Markets Equity ETF 1.5 11 40 6.7 +0.7
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.5 68 -17 5.7 -0.3
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 1.5 32 19 5.0 -1.0
EEM iShares MSCI Emerging Markets ETF 1.4 70 -19 6.0 0.0
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.3 65 -14 6.0 +0.0
SPEM SPDR Portfolio Emerging Markets ETF 1.3 11 40 6.5 +0.6
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.3 49 2 7.6 +1.6
IEMG iShares Core MSCI Emerging Markets ETF 1.2 11 40 6.6 +0.6
NXTG First Trust Indxx NextG ETF 1.2 70 -19 5.1 -0.9
DWX SPDR S&P International Dividend ETF 1.2 45 6 7.5 +1.5
VIDI Vident International Equity Fund 1.1 59 -8 9.7 +3.7
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 1.1 59 -8 10.6 +4.6
AVEM Avantis Emerging Markets Equity ETF 1.1 33 18 7.3 +1.3
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 1.0 95 -44 7.1 +1.2
EEMO Invesco S&P Emerging Markets Momentum ETF 1.0 29 22 3.3 -2.7
EMGF iShares MSCI Emerging Markets Multifactor ETF 0.8 45 6 8.6 +2.6
HAP VanEck Vectors Natural Resources ETF 0.8 50 1 4.8 -1.1
ISEM Invesco RAFI Strategic Emerging Markets ETF 0.7 35 16 8.9 +2.9
VYMI Vanguard International High Dividend Yield ETF 0.7 27 24 9.0 +3.1
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 0.6 16 35 6.0 -0.0
ACWV iShares MSCI Global Min Vol Factor ETF 0.6 20 31 5.5 -0.5
VSGX Vanguard ESG International Stock ETF 0.6 17 34 6.3 +0.4
PXH Invesco FTSE RAFI Emerging Markets ETF 0.6 50 1 11.6 +5.7
BLES Inspire Global Hope Large Cap ETF 0.6 52 -1 5.6 -0.4
INFR Legg Mason Global Infrastructure ETF 0.6 40 11 5.8 -0.2
PIE Invesco DWA Emerging Markets Momentum ETF 0.6 90 -39 1.8 -4.1
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 0.5 20 31 9.4 +3.5
IQDF FlexShares International Quality Dividend Index Fund 0.5 47 4 7.9 +1.9
VEU Vanguard FTSE All-World ex-US Index Fund 0.5 8 43 6.7 +0.7
ACWX iShares MSCI ACWI ex U.S. ETF 0.4 32 19 6.3 +0.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.4 40 11 6.1 +0.1
IXUS ishares Core MSCI Total International Stock ETF 0.4 9 42 6.4 +0.5
CWI SPDR MSCI ACWI ex-US ETF 0.4 30 21 6.2 +0.2
VXUS Vanguard Total International Stock ETF 0.4 8 43 6.6 +0.6
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.4 63 -12 11.3 +5.3
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.3 47 4 5.9 -0.1
PICK iShares MSCI Global Metals & Mining Producers ETF 0.3 39 12 5.5 -0.5
LOWC SPDR MSCI ACWI Low Carbon Target ETF 0.2 20 31 5.3 -0.7
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 0.2 58 -7 5.0 -0.9
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.2 20 31 5.3 -0.7
VT Vanguard Total World Stock ETF 0.2 8 43 5.4 -0.6
ACWI iShares MSCI ACWI ETF 0.2 32 19 5.1 -0.9
VSS Vanguard FTSE All-World ex-US Small-Cap ETF 0.2 11 40 5.8 -0.2
JSTC Adasina Social Justice All Cap Global ETF 0.1 89 -38 5.4 -0.6
IGRO iShares International Dividend Growth ETF 0.1 15 36 7.0 +1.0
DEM WisdomTree Emerging Markets High Dividend Fund 0.1 63 -12 12.9 +7.0
DEW WisdomTree Global High Dividend Fund 0.1 58 -7 8.8 +2.8
ACWF iShares MSCI Global Multifactor ETF 0.1 35 16 6.8 +0.8

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 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 9.9 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 51 bp
Equals: ALTAR Score 6.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.62 CATEGORY
AVERAGE
1.54
 
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.