iShares MSCI Singapore ETF
ALTAR
Score™
8.7% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
16.3x P/Sales
ratio
2.0x
P/BV
ratio
1.0x Div.
yield
4.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares MSCI Singapore Index Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the Singaporean equity market, as measured by the MSCI Singapore Index.

FUND BASICS
Category International Equities
Fund Sponsor Barclays Global Investors
Website www.ishares.com
Inception date Mar 12, 1996
Assets (mns) $461
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 23
Wgt avg mkt cap (mns) $17,441
Large cap (>$10bn) 52.2%
Mid cap ($2-10bn) 47.8%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
DBS GROUP HOLDINGS LTD 15.8 %
OVERSEA-CHINESE BANKING CORP 12.2 %
UNITED OVERSEAS BANK LTD 9.3 %
SINGAPORE TELECOMMUNICATIONS LIMIT 7.1 %
WILMAR INTERNATIONAL LTD 4.7 %
ASCENDAS REAL ESTATE INV TRT 4.6 %
KEPPEL CORP LTD 4.3 %
MAPLETREE LOGISTICS TRUST 3.6 %
SINGAPORE EXCHANGE LTD 3.6 %
SINGAPORE TECHNOLOGIES ENG 3.5 %
Total 68.7 %

TOP COUNTRY EXPOSURE
SINGAPORE 96.1 %
CHINA 2.2 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-21.3% -21.0% -1.9% 2.0% 1.9%

Market Correlations
versus... Beta R-squared
S&P500 0.90 58%
MSCI EAFE 1.11 77%
MSCI Emg. Mkts. 0.93 84%

Technical Indicators
Recent close $18.89
30d moving avg. $19.06
Annualized volatility 20.1%
Short interest (ETF) 7.1%
Relative strength (RSI) 53

Liquidity measures
Avg. volume (thou.) 1,113
Turnover 4.6%
Bid/Ask (% of price) 0.05%
ADV underlying (mns) $1,493

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the iShares MSCI Singapore ETF ETF based on the alternatives' overlap in portfolio holdings with EWS. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EWS Expense: 50 bp ALTAR Score™: 8.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EWS
Ticker Fund
Name
Overlap1
vs EWS
(%)
Expense
ratio
(bp)
Savings
vs EWS
(bp)
ALTAR
Score™
(%)
ALTAR
vs EWS
(%)
ASEA Global X Southeast Asia ETF 30.3 65 -15 10.5 +1.8
SCIX Global X Scientific Beta Asia ex-Japan ETF 17.1 38 12 6.9 -1.8
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 11.2 30 20 7.5 -1.2
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF 9.7 19 31 7.0 -1.7
OBOR KraneShares MSCI One Belt One Road Index ETF 9.6 79 -29 9.6 +1.0
EPP iShares MSCI Pacific ex-Japan ETF 9.6 48 2 6.7 -2.0
DVYA iShares Asia/Pacific Dividend ETF 6.9 49 1 13.4 +4.8
LVHI Legg Mason International Low Volatility High Dividend ETF 6.8 40 10 9.3 +0.6
RWX SPDR Dow Jones International Real Estate ETF 6.6 59 -9 6.7 -2.0
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund 6.0 80 -30 8.3 -0.4
DRW WisdomTree Global ex-US Real Estate Fund 5.9 58 -8 10.9 +2.2
AXJL WisdomTree Asia Pacific ex-Japan Fund 5.5 48 2 9.7 +1.0
IFGL iShares International Developed Real Estate ETF 5.3 48 2 7.7 -1.0
WPS iShares International Developed Property ETF 4.9 48 2 8.0 -0.6
GVAL Cambria Global Value ETF 4.8 69 -19 11.0 +2.4
FTAG First Trust Indxx Global Agriculture ETF 4.7 70 -20 6.6 -2.1
SOIL Global X Fertilizers/Potash ETF 4.7 70 -20 5.6 -3.1
DINT Davis Select International ETF 4.6 68 -18 6.0 -2.7
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 4.6 80 -30 6.0 -2.7
IDLV Invesco S&P International Developed Low Volatility ETF 4.4 25 25 6.8 -1.9
VIDI Vident International Equity Fund 4.4 59 -9 11.7 +3.0
AIA iShares Asia 50 ETF 4.3 50 0 8.5 -0.2
DBAP Xtrackers MSCI Asia Pacific ex Japan Hedged Equity ETF 3.7 10 40 9.3 +0.6
VNQI Vanguard Global ex-US Real Estate Index Fund 3.7 12 38 10.2 +1.5
MOTI VanEck Vectors Morningstar International Moat ETF 3.6 57 -7 8.7 +0.1
DFNL Davis Select Financial ETF 3.4 64 -14 8.7 -0.0
MVIN Natixis Seeyond International Minimum Volatility ETF 3.3 56 -6 5.4 -3.2
EFAV iShares Edge MSCI Min Vol EAFE ETF 2.9 20 30 5.5 -3.2
DWMF WisdomTree International Multifactor Fund 2.8 38 12 6.8 -1.9
RFAP First Trust Riverfront Dynamic Asia Pacific ETF 2.8 83 -33 5.4 -3.3
TPIF Timothy Plan International ETF 2.8 62 -12 6.5 -2.2
AAXJ iShares MSCI All Country Asia ex Japan ETF 2.8 68 -18 7.6 -1.1
MOO VanEck Vectors Agribusiness ETF 2.8 56 -6 5.6 -3.1
FLAX Franklin FTSE Asia Ex Japan ETF 2.8 19 31 8.2 -0.5
UIVM VictoryShares USAA MSCI International Value Momentum ETF 2.7 35 15 9.0 +0.3
DWLD Davis Select Worldwide ETF 2.6 63 -13 6.7 -2.0
RWO SPDR Dow Jones Global Real Estate ETF 2.6 50 0 7.0 -1.7
FID First Trust S&P International Dividend Aristocrats ETF 2.5 60 -10 10.0 +1.3
IPAC iShares Core MSCI Pacific ETF 2.5 9 41 7.5 -1.2
FIVA Fidelity International Value Factor ETF 2.5 39 11 10.2 +1.5
FFR First Trust FTSE EPRA/NAREIT Developed Markets Real Estate 2.4 60 -10 7.2 -1.5
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 2.4 45 5 10.2 +1.5
JPIN JPMorgan Diversified Return International Equity ETF 2.3 37 13 8.1 -0.5
DMDV AAM S&P Developed Markets High Dividend Value ETF 2.3 39 11 11.2 +2.6
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 2.3 24 26 7.4 -1.3
CIL VictoryShares International Volatility Weighted Index ETF 2.2 45 5 6.8 -1.9
DTH WisdomTree DEFA Equity Income Fund 2.2 58 -8 9.9 +1.2
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 2.2 20 30 9.6 +0.9
VPL Vanguard FTSE Pacific ETF 2.2 8 42 7.9 -0.8
ISZE iShares Edge MSCI Intl Size Factor ETF 2.2 30 20 7.6 -1.1
DOO WisdomTree International Dividend ex-Financials Fund 2.1 58 -8 8.9 +0.2
BJK VanEck Vectors Gaming ETF 2.1 66 -16 5.5 -3.2
WDIV SPDR Global Dividend ETF 2.1 40 10 10.0 +1.3
FDEV Fidelity Targeted International Factor ETF 2.1 39 11 6.6 -2.1
IVAL Alpha Architect International Quantitative Value ETF 2.1 59 -9 10.6 +2.0
DIM WisdomTree International MidCap Dividend Fund 2.0 58 -8 7.9 -0.8
IDX VanEck Vectors Indonesia Index ETF 2.0 57 -7 9.4 +0.7
REET iShares Global REIT ETF 2.0 14 36 7.4 -1.3
RFDI First Trust Riverfront Dynamic Developed International ETF 2.0 83 -33 5.8 -2.9
RBIN Nationwide Risk-Based International Equity ETF 1.9 42 8 6.6 -2.1
IDY Pacific Global International Equity Income ETF 1.9 39 11 8.1 -0.6
GNR SPDR S&P Global Natural Resources ETF 1.8 40 10 6.7 -2.0
JPGE JPMorgan Diversified Return Global Equity ETF 1.8 29 21 7.5 -1.2
VEGI iShares MSCI Global Agriculture Producers ETF 1.7 39 11 6.2 -2.5
PQIN PGIM QMA Strategic Alpha International Equity ETF 1.7 29 21 7.8 -0.9
DOL WisdomTree International LargeCap Dividend Fund 1.7 48 2 8.7 -0.0
FIDI Fidelity International High Dividend ETF 1.7 39 11 11.2 +2.5
IDLB Invesco FTSE International Low Beta Equal Weight ETF 1.6 45 5 7.4 -1.3
DWM WisdomTree International Equity Fund 1.6 48 2 8.4 -0.3
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 1.5 35 15 8.6 -0.1
IQDY FlexShares International Quality Dividend Dynamic Index Fund 1.5 47 3 13.0 +4.3
ESGN Columbia Sustainable International Equity Income ETF 1.5 45 5 10.9 +2.2
QEFA SPDR MSCI EAFE Quality Mix ETF 1.5 30 20 7.0 -1.7
QINT American Century Quality Diversified International ETF 1.5 39 11 5.9 -2.8
HAP VanEck Vectors Natural Resources ETF 1.4 50 0 6.4 -2.3
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 1.4 14 36 7.0 -1.6
GSIE Goldman Sachs ActiveBeta International Equity ETF 1.4 25 25 6.7 -2.0
RODM Hartford Multifactor Developed Markets (ex-US) ETF 1.4 29 21 8.8 +0.1
GQRE FlexShares Global Quality Real Estate Index Fund 1.3 45 5 6.9 -1.8
IQDF FlexShares International Quality Dividend Index Fund 1.3 47 3 12.6 +3.9
GUNR Flexshares Morningstar Global Upstream Natural Resources 1.3 46 4 5.9 -2.8
IXG iShares Global Financials ETF 1.3 46 4 10.2 +1.5
VYMI Vanguard International High Dividend Yield ETF 1.3 32 18 10.4 +1.7
IQSI IQ Candriam ESG International Equity ETF 1.3 15 35 7.4 -1.3
SDG iShares Sustainable MSCI Global Impact ETF 1.3 49 1 6.0 -2.7
NUDM Nuveen ESG International Developed Markets Equity ETF 1.3 40 10 7.0 -1.6
DUSA Davis Select U.S. Equity ETF 1.3 63 -13 5.8 -2.9
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 1.2 20 30 11.3 +2.6
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 1.2 45 5 6.9 -1.8
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 1.2 35 15 7.0 -1.7
FDT First Trust Developed Markets ex-US Alphadex Fund 1.2 80 -30 7.7 -1.0
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 1.2 30 20 0.0 -8.7
GSID Goldman Sachs MarketBeta International Equity ETF 1.1 20 30 7.5 -1.2
IDV iShares International Select Dividend ETF 1.1 49 1 10.3 +1.6
EFV iShares MSCI EAFE Value ETF 1.1 39 11 9.7 +1.0
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 1.1 20 30 7.2 -1.5
GRES IQ Global Resources ETF 1.1 77 -27 7.7 -1.0
EFA iShares MSCI EAFE ETF 1.1 32 18 7.2 -1.5
ESGD iShares MSCI EAFE ESG Optimized ETF 1.1 20 30 7.0 -1.6

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

  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

Content on this tab for subscribers only

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 Singapore ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 8.6 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 8.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.61 CATEGORY
AVERAGE
1.59
 
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.