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.
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
49 bp
EXPENSES
$50.4 M
ASSETS UNDER MGMT
Fund Basics
| Fund sponsor | Columbia |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Sep 14, 2010 |
| Assets (mns) | $50 |
| 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
| TENCENT HOLDINGS LTD | 6.0 % |
| MAHINDRA & MAHINDRA LTD. UNSPONSORED GDR | 5.4 % |
| MARUTI SUZUKI INDIA LTD | 4.5 % |
| UNI-PRESIDENT ENTERPRISES CO | 4.5 % |
| CHUNGHWA TELECOM CO., LTD | 4.5 % |
| HINDUSTAN UNILEVER LIMITED | 4.4 % |
| ALIBABA GROUP HOLDING LTD. | 4.4 % |
| PINDUODUO, INC. SPONSORED ADR CLASS A | 4.1 % |
| TITAN INDUSTRIES LIMITED | 3.8 % |
| ITC LTD | 3.5 % |
Constituent Breakdown
| Number of holdings | 70 |
| Herfindahl-Hirschman Index | 304 |
| Wgt avg mkt cap (mns) | $69,493 |
| Large cap (>$10bn) | 77.5% |
| Mid cap ($2-10bn) | 22.5% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 7.8% |
| Emerging mkts. | 92.2% |
Country Exposure
 |
INDIA | 27.4 % |
 |
CHINA | 25.7 % |
 |
TAIWAN | 17.8 % |
 |
BRAZIL | 6.1 % |
 |
SAUDI ARABIA | 4.8 % |
 |
SOUTH AFRICA | 3.4 % |
 |
MEXICO | 2.8 % |
 |
THAILAND | 2.4 % |
 |
INDONESIA | 1.8 % |
 |
UAE | 1.8 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -0.4% | 2.1% | 0.1% | -8.3% | -0.5% | -1.8% | 0.8% | Volatility | 13.0% | 14.0% | 17.7% | 20.7% | 22.7% | 21.2% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.42 | 18% |
| MSCI EAFE | 0.61 | 33% |
| MSCI Emg Mkts | 0.94 | 82% |
Liquidity Measures
| Avg. volume (000) | 18 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.28% |
| ADV of underlying (mns) | $4,170 |
Technical Indicators
| Recent close | $20.57 |
| 30d moving avg. | $21.20 |
| Annualized volatility | 18.2% |
| Relative strength (RSI) | 54 |
| Short interest (ETF) | 0.1% |
| 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 | 26.3% | +10 bp | +4.0% |
| GXC | SPDR S&P China ETF | 26.1% | +10 bp | +4.0% |
| FLCH | Franklin FTSE China ETF | 25.9% | -30 bp | +4.7% |
| CXSE | WisdomTree China ex-State-Owned Enterprises Fund | 25.2% | -17 bp | +1.7% |
| KALL | KraneShares MSCI All China Index ETF | 23.8% | 0 bp | +4.6% |
| BKF | iShares MSCI BIC ETF | 23.7% | +20 bp | +2.3% |
| EMQQ | EMQQ The Emerging Markets Internet & Ecommerce ETF | 22.1% | +37 bp | -3.0% |
| KWEB | KraneShares CSI China Internet ETF | 22.1% | +20 bp | -5.9% |
| MCH | Matthews China Active ETF | 21.4% | +30 bp | +1.3% |
| FDNI | First Trust Dow Jones International Internet ETF | 20.9% | +16 bp | -2.1% |
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 7/25/2024
Peer Group Comparison Sample data. Subscribe for access.
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
5.1%
Cat. Avg
7.5%
Fund Category: Emerging
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 5.1% |
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 161 funds in the Emerging category, with an average ALTAR Score™
of 7.5% and a standard deviation of
3.9%. ECON's ALTAR Score™ is approximately
0.6 standard deviations
below
the category average. This places ECON in the 26th 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
Expense Analysis
| Peer Group | Rules-Based Emerging Market Equity ETFs |
| # of ETFs | 103 |
| Avg. Expense Ratio | 64.6 bp |
| Std. Deviation | 29 bp |
| ECON (49 bp) Percentile rank | 29 |
Peer Group Expense Ratio Distribution
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. | 51.1 | 47.0 | 98.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .