iShares MSCI Malaysia ETF
ALTAR
Score™		 5.6% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 16.5x P/Sales
ratio		 2.4x
P/BV
ratio		 1.7x Div.
yield		 3.5%


  • 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) $313
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 27
Wgt avg mkt cap (mns) $12,192
Large cap (>$10bn) 48.0%
Mid cap ($2-10bn) 52.0%
Small cap (<$2bn) 0.0%
Developed mkts 0.0%
Emerging mkts 100.0%

TOP TEN HOLDINGS
PUBLIC BANK BHD-FOREIGN MKT 13.2 %
CIMB GROUP HOLDINGS BHD 13.1 %
MALAYAN BANKING BHD 13.1 %
TENAGA NASIONAL BHD 7.1 %
PRESS METAL ALUMINIUM HOLDINGS BER 5.3 %
GAMUDA BHD 4.5 %
IHH HEALTHCARE BHD 3.8 %
HONG LEONG BANK BERHAD 3.0 %
PETRONAS GAS BHD 2.8 %
AMMB HOLDINGS BHD 2.8 %
Total 68.8 %

TOP COUNTRY EXPOSURE
MALAYSIA 100.0 %










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.
15.7% 15.7% 3.0% 2.8% 1.9%

Market Correlations
versus... Beta R-squared
S&P500 0.43 28%
MSCI EAFE 0.59 37%
MSCI Emg. Mkts. 0.59 44%

Technical Indicators
Recent close $28.78
30d moving avg. $27.19
Annualized volatility 15.3%
Short interest (ETF) 7.7%
Relative strength (RSI) 67

Liquidity measures
Avg. volume (thou.) 268
Turnover 2.5%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $44

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 5.6%


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 5.3 -0.3
EDIV SPDR S&P Emerging Markets Dividend ETF 10.3 49 1 8.4 +2.8
EELV Invesco S&P Emerging Markets Low Volatility ETF 7.4 29 21 7.8 +2.2
EDOG ALPS Emerging Sector Dividend Dogs ETF 6.4 60 -10 9.3 +3.7
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 5.1 40 10 6.0 +0.4
EMMF WisdomTree Emerging Markets Multifactor Fund 4.7 48 2 5.8 +0.2
FRDM Freedom 100 Emerging Markets ETF 4.6 49 1 5.6 +0.0
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 3.7 32 18 5.2 -0.4
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 3.7 25 25 5.8 +0.2
VIDI Vident International Equity Strategy ETF 3.4 61 -11 8.9 +3.3
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 3.3 44 6 9.1 +3.5
DWX SPDR S&P International Dividend ETF 2.7 45 5 6.7 +1.1
ROAM Hartford Multifactor Emerging Markets ETF 2.6 44 6 10.0 +4.4
ADIV SmartETFs Asia Pacific Dividend Builder ETF 2.6 78 -28 8.6 +2.9
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 2.6 90 -40 4.3 -1.4
ESGE iShares ESG Aware MSCI EM ETF 2.5 25 25 8.3 +2.7
LDEM iShares ESG MSCI EM Leaders ETF 2.3 17 33 11.0 +5.4
MOO VanEck Agribusiness ETF 2.2 53 -3 9.2 +3.6
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 2.2 24 26 6.0 +0.4
DEM WisdomTree Emerging Markets High Dividend Fund 2.0 63 -13 11.6 +6.0
EMXF iShares ESG Advanced MSCI EM ETF 1.9 16 34 7.0 +1.4
VEGI iShares MSCI Agriculture Producers ETF 1.9 39 11 7.9 +2.3
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 1.9 30 20 7.3 +1.7
DVYE iShares Emerging Markets Dividend ETF 1.8 49 1 16.1 +10.4
FDEM Fidelity Emerging Markets Multifactor ETF 1.8 25 25 10.4 +4.8
XCNY SPDR S&P Emerging Markets ex-China ETF 1.8 15 35 6.2 +0.5
FTAG First Trust Indxx Global Agriculture ETF 1.7 70 -20 7.3 +1.7
RNEM First Trust Emerging Markets Equity Select ETF 1.7 75 -25 7.7 +2.1
XC WisdomTree Emerging Markets Ex-China Fund 1.7 32 18 5.4 -0.2
XCEM Columbia EM Core ex-China ETF 1.6 16 34 6.3 +0.7
GMF SPDR S&P Emerging Asia Pacific ETF 1.6 49 1 8.4 +2.8
EMXC iShares MSCI Emerging Markets ex China ETF 1.6 25 25 5.6 -0.0
JHEM John Hancock Multifactor Emerging Markets ETF 1.6 49 1 8.1 +2.5
NUEM Nuveen ESG Emerging Markets Equity ETF 1.6 36 14 6.5 +0.9
EEMA iShares MSCI Emerging Markets Asia ETF 1.5 49 1 7.7 +2.1
AVXC Avantis Emerging Markets Ex-China Equity ETF 1.5 33 17 6.6 +1.0
FLAX Franklin FTSE Asia Ex Japan ETF 1.5 19 31 7.3 +1.7
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 1.4 15 35 8.3 +2.7
SCHE Schwab Emerging Markets Equity ETF 1.4 11 39 9.3 +3.7
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.3 70 -20 7.1 +1.4
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.3 50 0 8.8 +3.2
VWO Vanguard FTSE Emerging Markets ETF 1.3 7 43 8.9 +3.3
AVES Avantis Emerging Markets Value ETF 1.2 36 14 9.2 +3.6
ECON Columbia Emerging Markets Consumer ETF 1.2 49 1 9.7 +4.1
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 1.2 30 20 7.9 +2.3
JSTC Adasina Social Justice All Cap Global ETF 1.2 89 -39 4.2 -1.4
BKEM BNY Mellon Emerging Markets Equity ETF 1.2 11 39 7.7 +2.1
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.2 66 -16 7.5 +1.9
EEM iShares MSCI Emerging Markets ETF 1.2 69 -19 7.9 +2.2
STXE Strive Emerging Markets Ex-China ETF 1.0 32 18 5.9 +0.3
IEMG iShares Core MSCI Emerging Markets ETF 1.0 9 41 8.3 +2.7
SPEM SPDR Portfolio Emerging Markets ETF 1.0 7 43 9.1 +3.5
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 1.0 59 -9 7.2 +1.6
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.9 58 -8 8.2 +2.6
AVSE Avantis Responsible Emerging Markets Equity ETF 0.9 33 17 6.8 +1.2
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.9 53 -3 5.9 +0.3
IPAV Global X Infrastructure Development ex-U.S. ETF 0.9 55 -5 5.8 +0.1
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.9 15 35 6.4 +0.8
DFAE Dimensional Emerging Core Equity Market ETF 0.9 35 15 7.2 +1.6
AVEM Avantis Emerging Markets Equity ETF 0.9 33 17 7.1 +1.5
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.9 39 11 13.9 +8.3
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.9 32 18 6.9 +1.2
DEHP Dimensional Emerging Markets High Profitability ETF 0.8 41 9 5.1 -0.5
OBOR KraneShares MSCI One Belt One Road Index ETF 0.8 79 -29 6.8 +1.2
PXH Invesco FTSE RAFI Emerging Markets ETF 0.7 49 1 13.2 +7.6
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.7 38 12 7.3 +1.7
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.6 35 15 11.3 +5.7
VYMI Vanguard International High Dividend Yield ETF 0.6 17 33 8.1 +2.5
FEM First Trust Emerging Markets AlphaDEX Fund 0.6 80 -30 9.9 +4.3
EMGF iShares Emerging Markets Equity Factor ETF 0.6 25 25 9.2 +3.6
DFEV Dimensional Emerging Markets Value ETF 0.6 43 7 10.1 +4.5
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.5 95 -45 9.9 +4.3
NXTG First Trust Indxx NextG ETF 0.5 70 -20 4.3 -1.3
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.5 33 17 7.9 +2.3
PICK iShares MSCI Global Metals & Mining Producers ETF 0.5 39 11 8.2 +2.6
RCGE RockCreek Global Equality ETF 0.4 95 -45 6.0 +0.4
IGRO iShares International Dividend Growth ETF 0.4 15 35 6.2 +0.6
ACWV iShares MSCI Global Min Vol Factor ETF 0.4 20 30 5.3 -0.3
VEU Vanguard FTSE All-World ex-US Index Fund 0.4 4 46 6.8 +1.1
ECOW Pacer Emerging Markets Cash Cows 100 ETF 0.4 70 -20 11.2 +5.6
VSGX Vanguard ESG International Stock ETF 0.4 10 40 6.6 +1.0
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.4 41 9 6.4 +0.8
VXUS Vanguard Total International Stock ETF 0.4 5 45 6.7 +1.1
ACWX iShares MSCI ACWI ex U.S. ETF 0.4 34 16 6.4 +0.8
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.4 41 9 6.9 +1.3
SCHY Schwab International Dividend Equity ETF 0.3 14 36 8.6 +3.0
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.3 46 4 7.9 +2.3
IXUS iShares Core MSCI Total International Stock ETF 0.3 7 43 6.6 +1.0
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.3 10 40 6.3 +0.7
CWI SPDR MSCI ACWI ex-US ETF 0.2 30 20 6.4 +0.8
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.2 47 3 5.7 +0.1
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.2 30 20 6.5 +0.9
DEW WisdomTree Global High Dividend Fund 0.2 58 -8 7.5 +1.9
SDG iShares MSCI Global Sustainable Development Goals ETF 0.1 49 1 4.8 -0.8
VT Vanguard Total World Stock ETF 0.1 6 44 5.1 -0.5
ACWI iShares MSCI ACWI ETF 0.1 32 18 4.7 -0.9
GLOF iShares Global Equity Factor ETF 0.1 20 30 5.9 +0.3
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 41 4.9 -0.8
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.0 12 38 4.4 -1.3
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.0 20 30 4.8 -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

  2020 2021 2022 2023 2024 2025E 2026E
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
  2024 2025E 2026E
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 10.3 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 5.6 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.56 CATEGORY
AVERAGE		 1.64
 
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.