MEM
Matthews Emerging Markets Equity Active ETF
MEM is actively managed to invest in emerging market companies with perceived sustainable growth potential.
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
41.5 M
ASSETS UNDER MGMT
79 bp
EXPENSES
Fund Basics
| Fund sponsor | Matthews International Capital Man |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Jul 13, 2022 |
| Assets (mns) | $42 |
| Expense ratio | 79 bp |
| Currency | CAD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| TAIWAN SEMICONDUCTOR MANUFAC | 11.8 % |
| TENCENT HOLDINGS LTD | 6.4 % |
| ALIBABA GROUP HOLDING LTD. | 3.3 % |
| SAMSUNG ELECTRONICS CO LTD | 2.8 % |
| ELITE MATERIAL CO LTD | 2.5 % |
| HDFC BANK LTD-ADR | 2.4 % |
| DELTA ELECTRONICS INC | 2.3 % |
| MEDIATEK INC | 2.3 % |
| ICICI BANK LTD-SPON ADR | 2.2 % |
| DIDI GLOBAL INC. SPONSORED ADR CLASS A | 2.1 % |
Constituent Breakdown
| Number of holdings | 79 |
| Herfindahl-Hirschman Index | 307 |
| Wgt avg mkt cap (mns) | $269,199 |
| Large cap (>$10bn) | 86.6% |
| Mid cap ($2-10bn) | 9.8% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 7.8% |
| Emerging mkts. | 90.5% |
Country Exposure
 |
CHINA | 31.1 % |
 |
TAIWAN | 23.3 % |
 |
INDIA | 13.5 % |
 |
SOUTH KOREA | 9.0 % |
 |
SINGAPORE | 4.6 % |
 |
SOUTH AFRICA | 2.5 % |
 |
BRAZIL | 2.4 % |
 |
INDONESIA | 2.3 % |
 |
UAE | 1.8 % |
 |
HONG KONG | 1.7 % |
Historical Performance
Standardized Performance (as of 10/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 29.5% | 15.7% | 22.7% | 15.6% | -- | -- | -- | 13.0% |
| Dividend Yield | 0.0% | 0.0% | 0.0% | 0.2% | -- | -- | -- | 0.2% |
| Total Returns | 29.5% | 15.7% | 22.7% | 15.8% | -- | -- | -- | 13.2% | Ann. Volatility | 18.5% | 20.2% | 18.1% | 17.5% | -- | -- | -- | 17.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.96 | 54% |
| MSCI EAFE | 0.73 | 41% |
| MSCI Emg Mkts | 0.74 | 50% |
Liquidity Measures
| Avg. volume (000) | 3 |
| ADV traded (mns) | $0 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.33% |
Technical Indicators
| Recent close | $36.89 |
| 30d moving avg. | $36.75 |
| Annualized volatility | 16.8% |
| Relative strength (RSI) | 55 |
| Short interest | 0.5% |
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. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| MINV | Matthews Asia Innovators Active ETF | 43.6% | 0 bp | +6.9% |
| JEMA | JPMorgan ActiveBuilders Emerging Markets Equity ETF | 42.8% | -46 bp | +9.2% |
| EMSG | Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF | 41.9% | -59 bp | +9.4% |
| EMCR | Xtrackers Emerging Markets Carbon Reduction and Climate Impr | 41.0% | -64 bp | +7.3% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 38.0% | -13 bp | +8.7% |
| EEMA | iShares MSCI Emerging Markets Asia ETF | 37.9% | -30 bp | +8.8% |
| AIA | iShares Asia 50 ETF | 37.9% | -29 bp | +12.2% |
| XSOE | WisdomTree Emerging Markets ex-State-Owned Enterprises Fund | 37.8% | -47 bp | +8.2% |
| FLAX | Franklin FTSE Asia Ex Japan ETF | 37.8% | -60 bp | +8.2% |
| AAXJ | iShares MSCI All Country Asia ex Japan ETF | 37.7% | -9 bp | +8.2% |
Risk and Returns: MEM 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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| 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 | 2024 | 2025 | 2026 | |
| 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 11/14/2025
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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
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
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
MEM
7.1%
Cat. Avg
7.7%
ALTAR Score™ Calculation
Category Overview
There are 129 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.7% and a standard deviation of
2.6%. MEM's ALTAR Score™ is approximately
0.2 standard deviations
below
the category average. This places MEM in the 41st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
MEMSELL
U/W
HOLD
O/W
BUY