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

27.2 M

ASSETS UNDER MGMT

75 bp

EXPENSES
Fund Basics
Fund sponsorGlobal X
CategoryEmerging
Asset classEquity
Websitelink...
Inception dateMay 15, 2023
Assets (mns)$27
Expense ratio75 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsSemi-annual
Taxation1099
Stock selectionProprietary
WeightingProprietary
Holdings TransparencyFull
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
TAIWAN SEMICONDUCTOR-SP ADR 9.9 %
ICICI BANK LTD-SPON ADR 3.5 %
HYNIX SEMICONDUCTOR INC 3.4 %
MEDIATEK INC 3.3 %
SAMSUNG ELECTR-GDR REGS 3.2 %
ZOMATO LTD. 2.6 %
HDFC BANK LTD-ADR 2.6 %
QUANTA COMPUTER INC 2.1 %
LARSEN & TOUBRO LIMITED 2.1 %
APOLLO HOSPITALS ENTERPRISE 2.0 %
Constituent Breakdown
Number of holdings70
Herfindahl-Hirschman Index 254
Wgt avg mkt cap (mns)$127,543
Large cap (>$10bn)74.0%
Mid cap ($2-10bn)16.8%
Small cap (<$2bn)6.1%
Developed mkts.4.5%
Emerging mkts.94.2%
Country Exposure
INDIA 31.4 %
TAIWAN 21.3 %
SOUTH KOREA 14.0 %
BRAZIL 5.7 %
INDONESIA 4.0 %
SOUTH AFRICA 3.8 %
SAUDI ARABIA 3.4 %
MEXICO 2.5 %
GREECE 2.0 %
UAE 1.7 %
Historical Performance


Standardized Performance (as of 09/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 5.1% 13.2% -- -- -- -- 9.8%
Volatility 14.6% 15.4% -- -- -- -- --
Market Correlations
versus...BetaR-squared
S&P 5000.9873%
MSCI EAFE0.7650%
MSCI Emg Mkts1.0890%
Liquidity Measures
Avg. volume (000)2
Turnover0.2%
Avg. Bid/Ask (% of price)0.47%
ADV of underlying (mns)$4,732
Technical Indicators
Recent close$28.02
30d moving avg.$28.04
Annualized volatility15.6%
Relative strength (RSI)57
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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Risk and Returns: EMM vs. Comps (1 YR)

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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 --%
1.8 15.1 2.7 1.9% --
Based on closing prices from 10/4/2024
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SHOWING:
Price-to-Earnings
EMM



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

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.

ALTAR Score™

EMM

3.9%

Cat. Avg

7.2%


ALTAR Score™ Calculation

Category Overview
There are 165 funds in the Emerging Equity category, with an average ALTAR Score™ of 7.2% and a standard deviation of 3.9%. EMM's ALTAR Score™ is approximately 0.9 standard deviations below the category average. This places EMM in the 19th percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

EMM
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Active
Emerging Market Equity ETFs
# of ETFs 22
Avg. Expense Ratio 60.3 bp
Std. Deviation 21.7 bp
EMM (75 bp) Percentile rank 75
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
EMM 75.0 47.0 122
Peer Avg. 65.2 28.0 93.2
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .