EWT
iShares MSCI Taiwan ETF
The iShares MSCI Taiwan Index fund seeks investment results that correspond to the price and yield performance of the MSCI Taiwan Index. The index consists primarily of large cap stocks traded in the Taiwanese market.
Fund Basics
| Fund sponsor | Barclays Global Investors |
| Category | Emerging Market Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 20, 2000 |
| Assets (mns) | $3,919 |
| Expense ratio | 58 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| 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
Complete list +
| TAIWAN SEMICONDUCTOR MANUFAC | 24.2 % |
| HON HAI PRECISION INDUSTRY | 5.3 % |
| MEDIATEK INC | 4.5 % |
| QUANTA COMPUTER INC | 2.2 % |
| DELTA ELECTRONICS INC | 1.9 % |
| CHINATRUST FINANCIAL HOLDING | 1.8 % |
| UNITED MICROELECTRONICS CORP | 1.8 % |
| FUBON FINANCIAL HOLDING CO | 1.7 % |
| ADVANCED SEMICONDUCTOR ENGR | 1.6 % |
| CHUNGHWA TELECOM CO., LTD | 1.5 % |
Constituent Breakdown
| Number of holdings | 91 |
| Herfindahl-Hirschman Index | 695 |
| Wgt avg mkt cap (mns) | $168,789 |
| Large cap (>$10bn) | 66.7% |
| Mid cap ($2-10bn) | 33.3% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 0.0% |
| Emerging mkts. | 100.0% |
Country Exposure
 |
TAIWAN | 99.7 % |
Historical Performance
Standardized Annual Returns (as of 03/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 0.7% | 10.5% | -1.6% | 0.6% | 13.0% | 9.7% | 4.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.94 | 52% |
| MSCI EAFE | 1.06 | 61% |
| MSCI Emg Mkts | 1.16 | 78% |
Liquidity Measures
| Avg. volume (000) | 3,834 |
| Turnover | 4.6% |
| Avg. Bid/Ask (% of price) | 0.02% |
| ADV of underlying (mns) | $5,855 |
Technical Indicators
| Recent close | $46.54 |
| 30d moving avg. | $47.87 |
| Annualized volatility | 23.2% |
| Relative strength (RSI) | 71 |
| Short interest (ETF) | 13.2% |
| 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. EWT |
Expenses vs. EWT |
ALTAR Score™ vs. EWT |
|---|---|---|---|---|
| FLTW | Franklin FTSE Taiwan ETF | 89.0% | -39 bp | +0.2% |
| AIA | iShares Asia 50 ETF | 32.2% | -8 bp | +1.1% |
| XCEM | Columbia EM Core ex-China ETF | 25.3% | -42 bp | +1.6% |
| KEMX | KraneShares MSCI Emerging Markets EX China Index ETF | 25.3% | -34 bp | +1.4% |
| EMXC | iShares MSCI Emerging Markets ex China ETF | 22.9% | -33 bp | +0.9% |
| EMSG | Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF | 22.8% | -38 bp | +1.7% |
| EELV | Invesco S&P Emerging Markets Low Volatility ETF | 22.7% | -29 bp | +2.6% |
| XC | WisdomTree Emerging Markets Ex-China Fund | 22.3% | -26 bp | +0.5% |
| EEMA | iShares MSCI Emerging Markets Asia ETF | 21.8% | -9 bp | +0.9% |
| STXE | Strive Emerging Markets Ex-China ETF | 20.4% | -26 bp | +1.2% |
Risk and Returns: EWT 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
| 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 | --% |
Based on closing prices from 4/25/2024
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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
EWT
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™
EWT
5.7%
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™ | 5.7% |
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 7.7% and a standard deviation of
3.8%. EWT's ALTAR Score™ is approximately
0.5 standard deviations
below
the category average. This places EWT in the 30rd percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
EWT
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) |
|
|---|---|---|---|
| EWT | 58.0 | 2.2 | 60.2 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .