EMQQ
EMQQ The Emerging Markets Internet & Ecommerce ETF
The Emerging Markets Internet and Ecommerce ETF is an exchange-traded fund incorporated in the USA. The Fund tracks the performance of the Emerging Markets Internet Index™ by targeting companies whose primary business is e-commerce or Internet-related activities that generate most of their revenues in emerging market countries.
Fund Basics
| Fund sponsor | Exchange Traded Concepts LLC |
| Category | Emerging Market Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 12, 2014 |
| Assets (mns) | $505 |
| Expense ratio | 86 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Statutory Trust |
| 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
| TENCENT HOLDINGS LTD | 9.2 % |
| ALIBABA GROUP HOLDING LTD. | 7.6 % |
| RELIANCE INDUSTRIES LTD | 6.2 % |
| MERCADOLIBRE INC | 6.1 % |
| PROSUS N.V. CLASS N | 5.5 % |
| PINDUODUO, INC. SPONSORED ADR CLASS A | 5.5 % |
| MEITUAN DIANPING | 4.7 % |
| BAIDU, INC. CLASS A | 4.3 % |
| NASPERS LTD-N SHS | 4.2 % |
| NETEASE, INC | 4.1 % |
Constituent Breakdown
| Number of holdings | 131 |
| Herfindahl-Hirschman Index | 413 |
| Wgt avg mkt cap (mns) | $86,304 |
| Large cap (>$10bn) | 76.5% |
| Mid cap ($2-10bn) | 12.6% |
| Small cap (<$2bn) | 3.6% |
| Developed mkts. | 24.9% |
| Emerging mkts. | 75.1% |
Country Exposure
 |
CHINA | 48.1 % |
 |
INDIA | 8.8 % |
 |
SOUTH KOREA | 8.3 % |
 |
NETHERLANDS | 6.3 % |
 |
ARGENTINA | 6.1 % |
 |
SOUTH AFRICA | 4.4 % |
 |
SINGAPORE | 4.1 % |
 |
BRAZIL | 1.9 % |
 |
KAZAKHSTAN | 1.7 % |
 |
CAYMAN ISLANDS | 1.6 % |
Historical Performance
Standardized Annual Returns (as of 05/31/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| -6.8% | -10.3% | -32.6% | -11.6% | -5.4% | -- | 1.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.55 | 9% |
| MSCI EAFE | 0.86 | 22% |
| MSCI Emg Mkts | 1.59 | 74% |
Liquidity Measures
| Avg. volume (000) | 74 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.17% |
| ADV of underlying (mns) | $5,311 |
Technical Indicators
| Recent close | $29.34 |
| 30d moving avg. | $29.28 |
| Annualized volatility | 33.7% |
| Relative strength (RSI) | 47 |
| Short interest (ETF) | 0.5% |
| 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. EMQQ |
Expenses vs. EMQQ |
ALTAR Score™ vs. EMQQ |
|---|---|---|---|---|
| FDNI | First Trust Dow Jones International Internet ETF | 60.0% | -21 bp | +0.5% |
| KEMQ | Kraneshares Emerging Markets Consumer Technology Index ETF | 47.8% | -27 bp | -1.5% |
| KWEB | KraneShares CSI China Internet ETF | 46.8% | -17 bp | -2.5% |
| EWEB | Global X Emerging Markets Internet & E-commerce ETF | 42.7% | -21 bp | +3.3% |
| FMQQ | FMQQ The Next Frontier Internet & Ecommerce ETF | 38.2% | 0 bp | -0.7% |
| KTEC | KraneShares Hang Seng TECH Index ETF | 37.5% | -18 bp | -3.3% |
| FXI | iShares China Large-Cap ETF | 35.3% | -12 bp | +10.3% |
| KESG | KraneShares MSCI China ESG Leaders Index ETF | 32.5% | -27 bp | +9.4% |
| MCH | Matthews China Active ETF | 32.0% | -7 bp | +5.0% |
| MCHI | iShares MSCI China ETF | 31.4% | -29 bp | +7.8% |
Risk and Returns: EMQQ 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 6/2/2023
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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
EMQQ
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™
EMQQ
2.0%
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™ | 2.0% |
Recommendation
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.
Category Overview
There are 187 funds in the Emerging Market Equities category, with an average ALTAR Score™
of 7.6% and a standard deviation of
4.1%. EMQQ's ALTAR Score™ is approximately
1.4 standard deviations
below
the category average. This places EMQQ in the 9th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
EMQQ
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) |
|
|---|---|---|---|
| EMQQ | 86.0 | 17.1 | 103.1 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .