EMM
Global X Emerging Markets ex-China ETF
EMM is an actively managed fund that invests in stocks of emerging market companies of all sizes that are believed to be future leaders within their respective markets.
Emerging Market
EQUITY
Active
MANAGEMENT STYLE
$ 35.2 M
ASSETS UNDER MGMT
75 bp
EXPENSES
Fund Basics
| Inception date | May 15, 2023 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Semi-annual |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | Yes |
Top 10 Holdings
Complete list +
| GLOBAL X INDIA ACTIVE ETF | 20.8 % |
| TAIWAN SEMICONDUCTOR-SP ADR | 9.9 % |
| TAIWAN SEMICONDUCTOR MANUFAC | 6.6 % |
| GLOBAL X BRAZIL ACTIVE ETF | 4.8 % |
| HYNIX SEMICONDUCTOR INC | 4.4 % |
| SAMSUNG ELECTRONICS CO LTD | 4.1 % |
| MEDIATEK INC | 3.7 % |
| SAMSUNG ELECTR-GDR REGS | 3.4 % |
| SHINHAN FINANCIAL GROUP LTD | 3.0 % |
| SAMSUNG TECHWIN CO LTD | 3.0 % |
Constituent Breakdown
| Number of holdings | 43 |
| Herfindahl-Hirschman Index | 126 |
| Wgt avg mkt cap (mns) | $11,100 |
| Large cap (>$10bn) | 21.5% |
| Mid cap ($2-10bn) | 4.4% |
| Small cap (<$2bn) | 0.3% |
| Developed mkts. | 7.4% |
| Emerging mkts. | 91.6% |
Sector Breakdown
Country Exposure
 |
TAIWAN | 30.0 % |
 |
SOUTH KOREA | 21.7 % |
 |
INDIA | 19.7 % |
 |
BRAZIL | 4.7 % |
 |
SAUDI ARABIA | 3.5 % |
 |
SOUTH AFRICA | 3.3 % |
 |
MEXICO | 3.1 % |
 |
BRITAIN | 1.6 % |
 |
CANADA | 1.3 % |
 |
UAE | 1.3 % |
Historical Performance
Standardized Performance (as of 02/28/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 15.9% | 57.1% | 22.3% | -- | -- | -- | -- | 17.3% |
| Dividend Yield | 0.0% | 1.5% | 1.1% | -- | -- | -- | -- | 1.0% |
| Total Returns | 15.9% | 58.6% | 23.4% | -- | -- | -- | -- | 18.3% | Ann. Volatility | 19.0% | 17.2% | 17.0% | -- | -- | -- | -- | 16.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.66 | 52% |
| MSCI EAFE | 0.80 | 57% |
| MSCI Emg Mkts | 0.87 | 81% |
Liquidity Measures
| Avg. volume (000) | 42 |
| ADV traded (mns) | $2 |
| Turnover | 4.3% |
| Avg. Bid/Ask (% of price) | 0.47% |
Technical Indicators
| 30d moving avg. (EMA) | $37.29 |
| Relative strength (RSI) | 46 |
| MACD/Signal | -0.31/0.12 |
| Bollinger Bands (Upper/Lower) | $40.75/$35.29 |
| Short interest (% of AUM) | 0.1% |
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. EMM |
Expenses vs. EMM |
ALTAR Score™ vs. EMM |
|---|---|---|---|---|
| EMC | Global X Emerging Markets Great Consumer ETF | 47.3% | 0 bp | +3.1% |
| FRDM | Freedom 100 Emerging Markets ETF | 30.1% | -26 bp | +0.9% |
| JADE | JPMorgan Active Developing Markets Equity ETF | 27.5% | -10 bp | +1.7% |
| FTHF | First Trust Emerging Markets Human Flourishing ETF | 26.7% | 0 bp | +1.8% |
| STXE | Strive Emerging Markets Ex-China ETF | 24.3% | -43 bp | +0.7% |
| AIA | iShares Asia 50 ETF | 24.1% | -25 bp | +4.1% |
| EMDM | First Trust Bloomberg Emerging Market Democracies ETF | 23.8% | 0 bp | +1.7% |
| XCEM | Columbia EM Core ex-China ETF | 23.0% | -59 bp | +0.6% |
| EMXC | iShares MSCI Emerging Markets ex China ETF | 22.7% | -50 bp | +0.5% |
| ECON | Columbia Emerging Markets Consumer ETF | 22.2% | -26 bp | +2.5% |
Risk and Returns: EMM 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 (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| 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 3/19/2026
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
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 Rating
6.2%
ALTAR SCORE™
22nd
PERCENTILE
UNDERWEIGHT
ETFRC RATING
There are 192 funds in the Emerging Equity category with an average
ALTAR Score™ of 8.0% and a standard deviation
of 2.3%. EMM's ALTAR Score™ is approximately -0.8 standard
deviations above the category average. This places EMM in the 22nd percentile
among funds in the category.
Sell-Side Consensus
$48.29
PRICE TARGET
+33.3%
UPSIDE