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) | $66 |
| 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
| CHUNGHWA TELECOM CO., LTD | 4.5 % |
| UNI-PRESIDENT ENTERPRISES CO | 4.5 % |
| HINDUSTAN UNILEVER LIMITED | 4.5 % |
| TENCENT HOLDINGS LTD | 4.3 % |
| MAHINDRA & MAHINDRA LTD. UNSPONSORED GDR | 4.3 % |
| ALIBABA GROUP HOLDING LTD. | 4.2 % |
| TITAN INDUSTRIES LIMITED | 3.7 % |
| ITC LTD | 3.7 % |
| MARUTI SUZUKI INDIA LTD | 3.7 % |
| SAUDI TELECOM CO. | 3.6 % |
Constituent Breakdown
| Number of holdings | 62 |
| Herfindahl-Hirschman Index | 269 |
| Wgt avg mkt cap (mns) | $51,883 |
| Large cap (>$10bn) | 57.3% |
| Mid cap ($2-10bn) | 14.5% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 11.5% |
| Emerging mkts. | 88.5% |
Country Exposure
 |
CHINA | 26.9 % |
 |
INDIA | 25.5 % |
 |
TAIWAN | 15.2 % |
 |
BRAZIL | 7.9 % |
 |
SAUDI ARABIA | 5.3 % |
 |
SOUTH AFRICA | 4.2 % |
 |
MEXICO | 3.5 % |
 |
INDONESIA | 3.1 % |
 |
THAILAND | 2.9 % |
 |
UAE | 2.4 % |
Historical Performance
Standardized Annual Returns (as of 08/31/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 4.8% | -0.7% | -9.7% | -5.6% | -0.9% | -0.7% | 0.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.37 | 13% |
| MSCI EAFE | 0.52 | 27% |
| MSCI Emg Mkts | 0.90 | 79% |
Liquidity Measures
| Avg. volume (000) | 8 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.30% |
| ADV of underlying (mns) | $5,966 |
Technical Indicators
| Recent close | $20.25 |
| 30d moving avg. | $20.47 |
| Annualized volatility | 18.2% |
| Relative strength (RSI) | 41 |
| Short interest (ETF) | 0.0% |
| 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 |
|---|---|---|---|---|
| EWEB | Global X Emerging Markets Internet & E-commerce ETF | 22.6% | +16 bp | +1.3% |
| MCHI | iShares MSCI China ETF | 20.4% | +9 bp | +6.3% |
| QLVE | FlexShares Emerging Markets Quality Low Volatility Index Fun | 20.3% | -9 bp | +4.6% |
| EMC | Global X Emerging Markets Great Consumer ETF | 19.4% | +26 bp | +0.2% |
| INCO | Columbia India Consumer ETF | 19.4% | +26 bp | -2.6% |
| FLCH | Franklin FTSE China ETF | 18.0% | -30 bp | +6.4% |
| DEHP | Dimensional Emerging Markets High Profitability ETF | 17.3% | -8 bp | +3.2% |
| MINV | Matthews Asia Innovators Active ETF | 17.2% | +30 bp | -3.5% |
| PGJ | Invesco Golden Dragon China ETF | 17.1% | +21 bp | +0.1% |
| GXC | SPDR S&P China ETF | 17.1% | +10 bp | +6.3% |
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
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023E | 2024E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2022 | 2023E | Fwd Est | 2024E | |
| 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 9/22/2023
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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
4.2%
Cat. Avg
7.6%
Fund Category: Emerging Market Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 4.2% |
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 186 funds in the Emerging Market Equities category, with an average ALTAR Score™
of 7.6% and a standard deviation of
4.1%. ECON's ALTAR Score™ is approximately
0.8 standard deviations
below
the category average. This places ECON in the 20nd 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 | |
| Bid/Ask Spread | |
| Update |
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 | 30.2 | 79.2 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .