iShares MSCI Malaysia
ALTAR
Score™
7.1% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
16.5x P/Sales
ratio
2.4x
P/BV
ratio
1.5x Div.
yield
3.6%


  • 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 18, 1996
Assets (mns) $503
Currency USD
Expense ratio 47 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 44
Wgt avg mkt cap (mns) $9,935
Large cap (>$10bn) 42.4%
Mid cap ($2-10bn) 53.2%
Small cap (<$2bn) 4.4%
Developed mkts 0.0%
Emerging mkts 100.0%

TOP TEN HOLDINGS
PUBLIC BANK BHD-FOREIGN MKT 13.2 %
TENAGA NASIONAL BHD 9.2 %
MALAYAN BANKING BHD 7.3 %
CIMB GROUP HOLDINGS BHD 5.6 %
PETRONAS CHEMICALS GROUP BHD 3.9 %
DIGI.COM BHD 3.1 %
GENTING BERHAD 2.8 %
MAXIS BHD. 2.7 %
DIALOG GROUP BHD 2.7 %
IHH HEALTHCARE BHD 2.6 %
Total 53.1 %

TOP COUNTRY EXPOSURE
MALAYSIA 98.8 %










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.
-3.9% -3.8% -5.4% 2.5% 1.6%

Market Correlations
versus... Beta R-squared
S&P500 0.26 7%
MSCI EAFE 0.63 34%
MSCI Emg. Mkts. 0.57 47%

Technical Indicators
Recent close $28.39
30d moving avg. $28.01
Annualized volatility 11.9%
Short interest (ETF) 13.7%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 587
Turnover 3.3%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $186

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the iShares MSCI Malaysia 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: 47 bp ALTAR Score™: 7.1%


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 17.9 65 -18 10.2 +3.1
EELV Invesco S&P Emg Mkts Low Volatility 9.9 29 18 10.2 +3.1
EDOG ALPS Emerging Sector Dividend Dogs 9.4 60 -13 9.4 +2.3
LVHE Legg Mason Emerging Markets Low Volatility High Dividend 9.1 51 -4 12.3 +5.2
EMEM Virtus Glovista Emerging Markets 7.0 67 -20 9.4 +2.3
EMFM Global X MSCI Next Emerging & Frontier 6.5 55 -8 7.8 +0.8
EEMV iShares MSCI Emerg Mkt Minimum Volatility 5.9 25 22 8.9 +1.9
EMIF iShares S&P Emerging Markets Infrastructure 5.9 75 -28 7.7 +0.6
EDIV SPDR S&P Emerging Markets Dividend 5.9 49 -2 10.8 +3.7
CEZ Victory CEMP Emerging Market Volatility Weighted 5.8 50 -3 9.2 +2.2
KMED KraneShares Emerging Markets Healthcare Index 5.2 79 -32 3.8 -3.3
OBOR KraneShares MSCI One Belt One Road Index 4.7 79 -32 9.3 +2.2
QLVE FlexShares Emerging Markets Quality Low Volatility 4.0 40 7 8.4 +1.3
CEY VictoryShares Emg. Mkt. High Dividend Volatility Wtd. 4.0 50 -3 13.5 +6.4
ROAM Hartford Multifactor Emerging Markets 4.0 44 3 11.2 +4.1
FDEM Fidelity Targeted Emerging Markets Factor 4.0 45 2 8.8 +1.7
SOIL Global X Fertilizers/Potash 3.9 69 -22 5.3 -1.7
XCEM Columbia EM Core ex-China 3.9 16 31 7.7 +0.7
EWEM Invesco MSCI Emerging Market Equal Weight 3.7 70 -23 9.3 +2.3
BJK VanEck Vectors Gaming 3.7 66 -19 6.5 -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%.

Content on this tab for subscribers only**

RESULTS & ESTIMATES

  2014 2015 2016 2017 2018 2019E 2020E
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

Content on this tab for subscribers only

VALUATION METRICS
  2018 2019E 2020E
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
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.1 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 47 bp
Equals: ALTAR Score 7.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.80 CATEGORY
AVERAGE
1.63
 
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.