EMFQ
Amplify Emerging Markets FinTech ETF
EMFQ tracks an equally weighted index of financial technology companies in emerging and frontier economies.
Fund Basics
| Fund sponsor | Amplify Investments |
| Category | Emerging Market Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Jan 30, 2019 |
| Assets (mns) | $2 |
| Expense ratio | 69 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Equal |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| DLOCAL LIMITED CLASS A | 4.2 % |
| FORTH SMART SERVICE PUBLIC CO., LTD. NVD | 4.0 % |
| AMERICAN BANKNOTE SA | 3.8 % |
| FUTU HOLDINGS LTD. SPONSORED ADR CLASS A | 3.7 % |
| KASPI.KZ JSC SPONSORED GDR REGS | 3.7 % |
| MERCADOLIBRE INC | 3.6 % |
| KGINICIS CO., LTD. | 3.3 % |
| DANAL CO., LTD | 3.3 % |
| NETWORK INTERNATIONAL HOLDINGS PLC | 3.2 % |
| GRAB HOLDINGS LTD. (SINGAPORE) CLASS A | 3.1 % |
Constituent Breakdown
| Number of holdings | 36 |
| Herfindahl-Hirschman Index | 283 |
| Wgt avg mkt cap (mns) | $24,309 |
| Large cap (>$10bn) | 18.7% |
| Mid cap ($2-10bn) | 18.4% |
| Small cap (<$2bn) | 33.8% |
| Developed mkts. | 25.8% |
| Emerging mkts. | 67.5% |
Country Exposure
 |
CHINA | 20.2 % |
 |
BRAZIL | 12.0 % |
 |
SOUTH KOREA | 9.4 % |
 |
INDONESIA | 7.9 % |
 |
HONG KONG | 6.8 % |
 |
SINGAPORE | 5.1 % |
 |
URUGUAY | 4.2 % |
 |
THAILAND | 4.0 % |
 |
KAZAKHSTAN | 3.7 % |
 |
ARGENTINA | 3.6 % |
Historical Performance
Standardized Annual Returns (as of 08/31/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 10.7% | 0.7% | -32.8% | -18.4% | -- | -- | -3.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.89 | 34% |
| MSCI EAFE | 1.04 | 49% |
| MSCI Emg Mkts | 1.30 | 73% |
Liquidity Measures
| Avg. volume (000) | 0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.15% |
| ADV of underlying (mns) | $5,088 |
Technical Indicators
| Recent close | $19.92 |
| 30d moving avg. | $21.29 |
| Annualized volatility | 27.3% |
| Relative strength (RSI) | 35 |
| 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. EMFQ |
Expenses vs. EMFQ |
ALTAR Score™ vs. EMFQ |
|---|---|---|---|---|
| FMQQ | FMQQ The Next Frontier Internet & Ecommerce ETF | 24.9% | +17 bp | -4.4% |
| KEMQ | Kraneshares Emerging Markets Consumer Technology Index ETF | 17.8% | -9 bp | -6.8% |
| EMQQ | EMQQ The Emerging Markets Internet & Ecommerce ETF | 17.0% | +17 bp | -4.3% |
| EWEB | Global X Emerging Markets Internet & E-commerce ETF | 15.8% | -4 bp | -0.6% |
| ARKF | ARK Fintech Innovation ETF | 13.2% | +6 bp | -8.1% |
| IPAY | ETFMG Prime Mobile Payments ETF | 10.6% | +6 bp | +2.6% |
| FFTY | Innovator IBD 50 ETF | 10.4% | +11 bp | -3.6% |
Risk and Returns: EMFQ 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
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022E | 2023E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2021 | 2022E | Fwd Est | 2023E | |
| 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 9/26/2023
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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
EMFQ
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™
EMFQ
6.2%
Cat. Avg
7.7%
Fund Category: Emerging Market Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 6.2% |
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 185 funds in the Emerging Market Equities category, with an average ALTAR Score™
of 7.7% and a standard deviation of
4.1%. EMFQ's ALTAR Score™ is approximately
0.4 standard deviations
below
the category average. This places EMFQ in the 36th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
EMFQ
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) |
|
|---|---|---|---|
| EMFQ | 69.0 | 14.5 | 83.5 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .