MEM
Matthews Emerging Markets Equity Active ETF
MEM is actively managed to invest in emerging market companies with perceived sustainable growth potential.
Fund Basics
Fund sponsor | Matthews International Capital Man |
Category | Emerging Market Equities |
Asset class | Equity |
Website | link... |
Inception date | Jul 13, 2022 |
Assets (mns) | $61 |
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
PROLOGIS PROPERTY MEXICO SA | 24.5 % |
TAIWAN SEMICONDUCTOR MANUFAC | 6.9 % |
SAMSUNG ELECTRONICS-PFD | 5.5 % |
TENCENT HOLDINGS LTD | 4.2 % |
HDFC BANK LTD-ADR | 2.8 % |
BANCO BTG PACTUAL SA UNITS CONS OF 1 SH | 2.4 % |
MEITUAN DIANPING | 2.3 % |
BANK RAKYAT INDONESIA | 2.3 % |
FPT CORP | 2.3 % |
APPLIED MATERIALS INC | 2.2 % |
Constituent Breakdown
Number of holdings | 63 |
Herfindahl-Hirschman Index | 810 |
Wgt avg mkt cap (mns) | $137,194 |
Large cap (>$10bn) | 77.9% |
Mid cap ($2-10bn) | 19.5% |
Small cap (<$2bn) | 1.3% |
Developed mkts. | 15.5% |
Emerging mkts. | 84.5% |
Country Exposure
MEXICO | 27.8 % | |
CHINA | 22.1 % | |
INDIA | 14.2 % | |
TAIWAN | 8.5 % | |
SOUTH KOREA | 7.7 % | |
BRAZIL | 6.3 % | |
UNITED STATES | 3.2 % | |
FRANCE | 3.2 % | |
VIETNAM | 3.1 % | |
PHILIPPINES | 2.7 % |
Historical Performance
Standardized Annual Returns (as of 04/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
---|---|---|---|---|---|---|
-0.1% | 4.8% | -- | -- | -- | -- | 4.9% |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.97 | 70% |
MSCI EAFE | 1.05 | 89% |
MSCI Emg Mkts | 0.94 | 94% |
Liquidity Measures
Avg. volume (000) | 11 |
Turnover | 0.6% |
Avg. Bid/Ask (% of price) | 0.45% |
ADV of underlying (mns) | $9,904 |
Technical Indicators
Recent close | $30.90 |
30d moving avg. | $26.81 |
Annualized volatility | 20.7% |
Relative strength (RSI) | 69 |
Short interest (ETF) | 0.4% |
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. MEM |
Expenses vs. MEM |
ALTAR Score™ vs. MEM |
---|---|---|---|---|
FLMX | Franklin FTSE Mexico ETF | 27.0% | -60 bp | +5.0% |
MINV | Matthews Asia Innovators Active ETF | 23.3% | 0 bp | -2.7% |
JEMA | JPMorgan ActiveBuilders Emerging Markets Equity ETF | 22.9% | -46 bp | +3.3% |
EMSG | Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF | 21.6% | -59 bp | +1.6% |
AIA | iShares Asia 50 ETF | 21.2% | -29 bp | +4.2% |
AAXJ | iShares MSCI All Country Asia ex Japan ETF | 21.0% | -9 bp | +3.4% |
EEMA | iShares MSCI Emerging Markets Asia ETF | 20.1% | -30 bp | +3.9% |
EEM | iShares MSCI Emerging Markets ETF | 19.6% | -10 bp | +8.1% |
DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 19.5% | -13 bp | +4.7% |
FLAX | Franklin FTSE Asia Ex Japan ETF | 19.4% | -60 bp | +4.4% |
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
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 5/16/2024
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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
MEM
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™
MEM
5.4%
Cat. Avg
8.0%
Fund Category: Emerging Market Equities
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 5.4% |
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 162 funds in the Emerging Market Equities category, with an average ALTAR Score™
of 8.0% and a standard deviation of
4.1%. MEM's ALTAR Score™ is approximately
0.7 standard deviations
below
the category average. This places MEM in the 26th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
MEM
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
Latest price | |
Change | |
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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) |
|
---|---|---|---|
MEM | 79.0 | 45.0 | 124 |
Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .