iShares MSCI Singapore
ALTAR
Score™
7.9% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
12.8x P/Sales
ratio
2.0x
P/BV
ratio
1.2x Div.
yield
4.2%


  • 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 18, 1996
Assets (mns) $540
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 26
Wgt avg mkt cap (mns) $22,983
Large cap (>$10bn) 55.6%
Mid cap ($2-10bn) 43.5%
Small cap (<$2bn) 1.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
DBS GROUP HOLDINGS LTD 18.4 %
OVERSEA-CHINESE BANKING CORP 13.6 %
UNITED OVERSEAS BANK LTD 13.1 %
KEPPEL CORP LTD 4.5 %
SINGAPORE TELECOMMUNICATIONS LIMIT 4.2 %
WILMAR INTERNATIONAL LTD 3.8 %
ASCENDAS REAL ESTATE INV TRT 3.6 %
SINGAPORE EXCHANGE LTD 3.5 %
SINGAPORE TECHNOLOGIES ENG 3.3 %
GENTING SINGAPORE PLC 2.8 %
Total 70.8 %

TOP COUNTRY EXPOSURE
SINGAPORE 97.6 %
CHINA 1.4 %









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.
12.0% 13.5% 2.1% 5.4% 2.9%

Market Correlations
versus... Beta R-squared
S&P500 0.85 43%
MSCI EAFE 1.12 63%
MSCI Emg. Mkts. 0.95 75%

Technical Indicators
Recent close $24.61
30d moving avg. $24.13
Annualized volatility 15.7%
Short interest (ETF) 3.5%
Relative strength (RSI) 73

Liquidity measures
Avg. volume (thou.) 525
Turnover 2.4%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $394

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the iShares MSCI Singapore 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: 47 bp ALTAR Score™: 7.9%


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 FTSE Southeast Asia 30.9 65 -18 10.2 +2.4
SCIX Global X Scientific Beta Asia ex-Japan 19.6 38 9 6.1 -1.7
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan 11.4 19 28 6.5 -1.4
EPP iShares MSCI Pacific ex-Japan 10.7 48 -1 6.3 -1.6
OBOR KraneShares MSCI One Belt One Road Index 9.0 79 -32 9.3 +1.5
HDMV First Trust Horizon Managed Volatility Developed Int'l 8.6 80 -33 6.0 -1.8
IDHD Invesco S&P Intl Developed High Div Low Volatility 8.2 30 17 6.4 -1.4
GVAL Cambria Global Value 8.2 69 -22 9.2 +1.4
IDLV Invesco S&P Int'l Developed Low Volatility 7.4 25 22 6.3 -1.5
VIDI Vident International Equity 6.2 61 -14 9.2 +1.3
AIA iShares S&P Asia 50 6.0 50 -3 9.4 +1.5
DVYA iShares Asia/Pacific Dividend 30 5.8 49 -2 8.3 +0.4
AXJL WisdomTree Asia Pacific Ex-Japan 5.8 48 -1 9.1 +1.2
DINT Davis Select International 4.6 75 -28 6.3 -1.5
RWX SPDR DJ International REIT 4.6 59 -12 5.8 -2.1
MOTI VanEck Vectors Morningstar Int'l Moat 4.1 57 -10 8.8 +0.9
MVIN Natixis Seeyond International Minimum Volatility 4.0 55 -8 6.2 -1.7
IFGL iShares FTSE EPRA/NARIET Developed REIT 4.0 48 -1 6.5 -1.3
DRW WisdomTree Global ex-US Real Estate 4.0 58 -11 8.9 +1.0
EFAV iShares MSCI EAFE Minimum Volatility 3.9 20 27 5.8 -2.1

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 Singapore
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 9.5 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 47 bp
Equals: ALTAR Score 7.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.58 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.