ECON
Columbia Emerging Markets Consumer ETF
The Columbia Emerging Markets Consumer ETF& tracks a market-cap-weighted index of 30 leading emerging markets companies in the consumer goods & services industry.
Fund Basics
Fund sponsor | Columbia |
Category | Emerging Market Equities |
Asset class | Equity |
Website | link... |
Inception date | Sep 14, 2010 |
Assets (mns) | $59 |
Expense ratio | 49 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Annually |
Taxation | 1099 |
Stock selection | Market Cap |
Weighting | Market Cap |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | Yes |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
ALIBABA GROUP HOLDING LTD. | 4.6 % |
UNI-PRESIDENT ENTERPRISES CO | 4.6 % |
CHUNGHWA TELECOM CO., LTD | 4.4 % |
MAHINDRA & MAHINDRA LTD. UNSPONSORED GDR | 4.2 % |
HINDUSTAN UNILEVER LIMITED | 4.2 % |
MARUTI SUZUKI INDIA LTD | 4.1 % |
TENCENT HOLDINGS LTD | 4.0 % |
TITAN INDUSTRIES LIMITED | 4.0 % |
SAUDI TELECOM CO. | 3.9 % |
TAIWAN MOBILE CO. LTD. | 3.1 % |
Constituent Breakdown
Number of holdings | 64 |
Herfindahl-Hirschman Index | 279 |
Wgt avg mkt cap (mns) | $54,721 |
Large cap (>$10bn) | 75.7% |
Mid cap ($2-10bn) | 24.3% |
Small cap (<$2bn) | 0.0% |
Developed mkts. | 6.9% |
Emerging mkts. | 93.1% |
Country Exposure
INDIA | 26.2 % | |
CHINA | 25.8 % | |
TAIWAN | 17.3 % | |
BRAZIL | 8.2 % | |
SAUDI ARABIA | 5.7 % | |
SOUTH AFRICA | 3.7 % | |
MEXICO | 3.3 % | |
INDONESIA | 2.7 % | |
THAILAND | 2.7 % | |
UAE | 2.0 % |
Historical Performance
Standardized Annual Returns (as of 02/29/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
---|---|---|---|---|---|---|
0.0% | 7.1% | -2.5% | -9.1% | -0.1% | -0.9% | 0.8% |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.41 | 16% |
MSCI EAFE | 0.60 | 32% |
MSCI Emg Mkts | 0.92 | 80% |
Liquidity Measures
Avg. volume (000) | 6 |
Turnover | 0.2% |
Avg. Bid/Ask (% of price) | 0.28% |
ADV of underlying (mns) | $3,230 |
Technical Indicators
Recent close | $20.57 |
30d moving avg. | $20.55 |
Annualized volatility | 18.3% |
Relative strength (RSI) | 61 |
Short interest (ETF) | 0.2% |
Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
Ticker | Fund Name | Overlap vs. ECON |
Expenses vs. ECON |
ALTAR Score™ vs. ECON |
---|---|---|---|---|
MCHI | iShares MSCI China ETF | 26.5% | +10 bp | +4.8% |
FLCH | Franklin FTSE China ETF | 25.8% | -30 bp | +5.4% |
GXC | SPDR S&P China ETF | 25.5% | +10 bp | +4.8% |
KALL | KraneShares MSCI All China Index ETF | 23.4% | 0 bp | +5.3% |
CN | Xtrackers MSCI All China Equity ETF | 23.0% | +1 bp | +1,275.9% |
BKF | iShares MSCI BIC ETF | 22.8% | +20 bp | +2.7% |
EMQQ | EMQQ The Emerging Markets Internet & Ecommerce ETF | 20.5% | +37 bp | -4.7% |
KWEB | KraneShares CSI China Internet ETF | 20.5% | +20 bp | -5.4% |
INCO | Columbia India Consumer ETF | 20.3% | +26 bp | -3.1% |
FXI | iShares China Large-Cap ETF | 20.1% | +25 bp | +5.5% |
Risk and Returns: ECON vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
---|---|---|---|---|---|---|---|---|
Sales per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Book value per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
2023 | 2024E | Fwd Est | 2025E | |
Price-to-sales | --x | --x | --x | --x |
Price-to-earnings | --x | --x | --x | --x |
Price-to-cash flow | --x | --x | --x | --x |
Price-to-growth | --x | --x | --x | --x |
Price-to-book value | --x | --x | --x | --x |
Yield | --% | --% | --x | --% |
Based on closing prices from 3/28/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
ECON
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
ECON
4.7%
Cat. Avg
6.2%
Fund Category: Emerging Market Equities
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 4.7% |
Recommendation
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.
Category Overview
There are 165 funds in the Emerging Market Equities category, with an average ALTAR Score™
of 6.2% and a standard deviation of
4.9%. ECON's ALTAR Score™ is approximately
0.3 standard deviations
below
the category average. This places ECON in the 39th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
ECON
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
Latest price | |
Change | |
Volume | |
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Today's Trading
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Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
ECON | 49.0 | 28.3 | 77.3 |
Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .