Global X MSCI Columbia
ALTAR
Score™
5.3% info Recommen-
dation
AVOID
2019E    2020E
P/E
ratio
14.6x P/Sales
ratio
0.9x
P/BV
ratio
1.1x Div.
yield
3.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Global X MSCI Colombia 20 ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Colombia 20 Index.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Global X Management Co LLC
Website www.globalxfunds.com
Inception date Feb 09, 2009
Assets (mns) $74
Currency USD
Expense ratio 61 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 25
Wgt avg mkt cap (mns) $9,418
Large cap (>$10bn) 16.9%
Mid cap ($2-10bn) 73.0%
Small cap (<$2bn) 10.2%
Developed mkts 5.6%
Emerging mkts 94.4%

TOP TEN HOLDINGS
BANCOLOMBIA S.A.-SPONS ADR 15.4 %
ECOPETROL SA-SPONSORED ADR 13.2 %
GRUPO DE INV SURAMERICANA 6.6 %
BANCOLOMBIA SA 6.4 %
INTERCONEXION ELECTRICA SA 4.8 %
BANCO DAVIVIENDA SA 4.4 %
EMPRESA DE ENERGIA DE BOGOTA 4.3 %
GRUPO NUTRESA SA 4.1 %
GRUPO AVAL ACCIONES Y VALORES GRUP 3.9 %
ALMACENES EXITO SA 3.8 %
Total 66.9 %

TOP COUNTRY EXPOSURE
COLOMBIA 89.3 %
CHILE 3.7 %
CANADA 2.5 %
PANAMA 1.8 %
SPAIN 1.5 %






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.
23.8% 15.0% -9.3% -0.9% 5.1%

Market Correlations
versus... Beta R-squared
S&P500 1.16 43%
MSCI EAFE 1.66 74%
MSCI Emg. Mkts. 1.18 62%

Technical Indicators
Recent close $9.74
30d moving avg. $9.27
Annualized volatility 21.5%
Short interest (ETF) 0.5%
Relative strength (RSI) 69

Liquidity measures
Avg. volume (thou.) 24
Turnover 0.3%
Bid/Ask (% of price) 0.77%
ADV underlying (mns) $61

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Global X MSCI Columbia ETF based on the alternatives' overlap in portfolio holdings with GXG. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: GXG Expense: 61 bp ALTAR Score™: 5.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH GXG
Ticker Fund
Name
Overlap1
vs GXG
(%)
Expense
ratio
(bp)
Savings
vs GXG
(bp)
ALTAR
Score™
(%)
ALTAR
vs GXG
(%)
ICOL iShares Colombia 49.7 61 0 4.9 -0.4
PACA Xtrackers MSCI Latin America Pacific Alliance 13.6 45 16 6.3 +1.0
FLN First Trust Latin America AlphaDEX 4.8 80 -19 5.2 -0.1
FLLA Franklin FTSE Latin America 4.1 19 42 6.0 +0.7
ECH iShares MSCI Chile Capped 3.6 59 2 7.0 +1.7
ILF iShares S&P Latin America 40 3.3 48 13 6.2 +0.9
EWEM Invesco MSCI Emerging Market Equal Weight 2.9 70 -9 9.1 +3.8
EMDV ProShares MSCI Emerging Markets Dividend Growers 2.5 60 1 8.1 +2.8
YLCO Global X YieldCo & Renewable Energy Income 2.2 65 -4 5.1 -0.2
ECOW Pacer Emerging Markets Cash Cows 100 2.0 70 -9 10.9 +5.6
EDOG ALPS Emerging Sector Dividend Dogs 2.0 60 1 9.1 +3.8
EMEM Virtus Glovista Emerging Markets 1.7 67 -6 9.1 +3.8
FTRI First Trust ISE Global Natural Resources Income 1.7 70 -9 9.7 +4.4
FRDM Freedom 100 Emerging Markets ETF 1.5 49 12 8.0 +2.7
ROAM Hartford Multifactor Emerging Markets 1.5 44 17 10.9 +5.5
FEM First Trust Emerging Markets AlphaDEX 1.4 80 -19 10.6 +5.3
CEZ Victory CEMP Emerging Market Volatility Weighted 1.3 50 11 8.9 +3.6
ESGE iShares MSCI EM ESG Optimized 1.3 25 36 9.2 +3.9
PID Invesco International Dividend Achievers 1.2 54 7 7.3 +2.0
EYLD Cambria Emerging Shareholder Yield 1.1 66 -5 10.7 +5.4

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

  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

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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:
Global X MSCI Columbia
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 6.2 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 61 bp
Equals: ALTAR Score 5.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.79 CATEGORY
AVERAGE
1.49
 
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.