EMM

Global X Emerging Markets 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.


Active, Semi-Diverse

MANAGEMENT MATRIX

EMC

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorGlobal X
CategoryEmerging Market Equities
Asset classEquity
Websitelink...
Inception dateMay 15, 2023
Assets (mns)$26
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 8.7 %
SAMSUNG ELECTR-GDR REGS 6.6 %
ICICI BANK LTD-SPON ADR 3.8 %
PINDUODUO, INC. SPONSORED ADR CLASS A 3.7 %
TENCENT HOLDINGS LTD 3.6 %
RELIANCE INDS-SPONS GDR 144A 2.6 %
BANK RAKYAT INDONESIA 2.6 %
HYNIX SEMICONDUCTOR INC 2.6 %
TRIP.COM GROUP LTD. SPONSORED ADR 2.4 %
ALIBABA GROUP HOLDING LTD. SPONSORED ADR 2.2 %
Constituent Breakdown
Number of holdings73
Herfindahl-Hirschman Index 262
Wgt avg mkt cap (mns)$118,075
Large cap (>$10bn)79.6%
Mid cap ($2-10bn)11.2%
Small cap (<$2bn)9.2%
Developed mkts.13.2%
Emerging mkts.86.8%
Country Exposure
INDIA 21.7 %
CHINA 15.0 %
TAIWAN 14.5 %
SOUTH KOREA 11.1 %
BRAZIL 4.3 %
SAUDI ARABIA 4.2 %
INDONESIA 3.5 %
MEXICO 3.3 %
SOUTH AFRICA 2.8 %
LUXEMBOURG 2.0 %
Historical Performance


Standardized Annual Returns (as of 01/31/2024)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
-3.3% -- -- -- -- -- 7.9%
Market Correlations
versus...BetaR-squared
S&P 5000.000%
MSCI EAFE0.000%
MSCI Emg Mkts0.000%
Liquidity Measures
Avg. volume (000)5
Turnover0.5%
Avg. Bid/Ask (% of price)0.47%
ADV of underlying (mns)$7,668
Technical Indicators
Recent close$26.75
30d moving avg.$24.89
Annualized volatility0.0%
Relative strength (RSI)65
Short interest (ETF)0.7%
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 -- -- -- -- -- -- --
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Book value per share -- -- -- -- -- -- --
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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 --%
1.9 15.3 2.1 1.8% --
Based on closing prices from 2/22/2024
Historical Valuation Trends Sample data. Subscribe for access.

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 Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

EMM

3.9%

Cat. Avg

6.4%

Fund Category: Emerging Market Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™3.9%
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 163 funds in the Emerging Market Equities category, with an average ALTAR Score™ of 6.4% and a standard deviation of 4.9%. EMM's ALTAR Score™ is approximately 0.5 standard deviations below the category average. This places EMM in the 30rd percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
EMM
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

Market Activity
Latest price
Change
Volume
Bid/Ask Spread
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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. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .
Fundamental data for individual fund constituents sourced from FactSet Research Systems.