NUEM
Nuveen ESG Emerging Markets Equity ETF
The NuShares ESG Emerging Markets Equity ETF tracks an index of large- and midcap emerging-market stocks that score highly on environmental, social, and governance criteria. The index is optimized for marketlike risk and return characteristics.
Fund Basics
Fund sponsor | Nuveen |
Category | Emerging Market Equities |
Asset class | Equity |
Website | link... |
Inception date | Jun 06, 2017 |
Assets (mns) | $247 |
Expense ratio | 36 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Annually |
Taxation | 1099 |
Stock selection | Principles-based |
Weighting | Multi-Factor |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | No |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
TAIWAN SEMICONDUCTOR MANUFAC | 8.7 % |
ALIBABA GROUP HOLDING LTD. | 3.2 % |
HDFC BANK LIMITED | 1.8 % |
CHINA CONSTRUCTION BANK-H | 1.8 % |
HYNIX SEMICONDUCTOR INC | 1.8 % |
BAIDU, INC. CLASS A | 1.6 % |
SAUDI ARABIAN MINING CO. | 1.5 % |
NETEASE, INC | 1.5 % |
SAUDI TELECOM CO. | 1.4 % |
DELTA ELECTRONICS INC | 1.4 % |
Constituent Breakdown
Number of holdings | 262 |
Herfindahl-Hirschman Index | 154 |
Wgt avg mkt cap (mns) | $95,257 |
Large cap (>$10bn) | 76.4% |
Mid cap ($2-10bn) | 23.5% |
Small cap (<$2bn) | 0.1% |
Developed mkts. | 2.7% |
Emerging mkts. | 97.3% |
Country Exposure
CHINA | 24.5 % | |
INDIA | 17.2 % | |
TAIWAN | 16.8 % | |
SOUTH KOREA | 11.9 % | |
SAUDI ARABIA | 5.1 % | |
BRAZIL | 5.1 % | |
SOUTH AFRICA | 2.7 % | |
MEXICO | 2.5 % | |
INDONESIA | 1.9 % | |
HONG KONG | 1.5 % |
Historical Performance
Standardized Annual Returns (as of 03/31/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
---|---|---|---|---|---|---|
0.6% | 3.3% | -3.7% | -6.2% | 2.7% | -- | 3.0% |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.68 | 43% |
MSCI EAFE | 0.87 | 65% |
MSCI Emg Mkts | 1.04 | 98% |
Liquidity Measures
Avg. volume (000) | 43 |
Turnover | 0.5% |
Avg. Bid/Ask (% of price) | 0.83% |
ADV of underlying (mns) | $15,027 |
Technical Indicators
Recent close | $26.65 |
30d moving avg. | $26.39 |
Annualized volatility | 18.5% |
Relative strength (RSI) | 54 |
Short interest (ETF) | 1.5% |
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. NUEM |
Expenses vs. NUEM |
ALTAR Score™ vs. NUEM |
---|---|---|---|---|
EMSG | Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF | 46.2% | -16 bp | +0.7% |
EMXF | iShares ESG Advanced MSCI EM ETF | 46.0% | -20 bp | +0.7% |
ESGE | iShares ESG Aware MSCI EM ETF | 43.5% | -11 bp | +0.9% |
LDEM | iShares ESG MSCI EM Leaders ETF | 42.5% | -19 bp | +1.0% |
FEEM | FlexShares ESG & Climate Emerging Markets Core Index ETF | 38.1% | -18 bp | +1.1% |
XSOE | WisdomTree Emerging Markets ex-State-Owned Enterprises Fund | 36.5% | -4 bp | -0.5% |
EEMX | SPDR MSCI Emerging Markets Fossil Fuel Free ETF | 36.2% | -6 bp | +0.7% |
KEMX | KraneShares MSCI Emerging Markets EX China Index ETF | 35.2% | -12 bp | +0.3% |
EMCR | Xtrackers Emerging Markets Carbon Reduction and Climate Impr | 34.6% | -21 bp | +0.3% |
EEMA | iShares MSCI Emerging Markets Asia ETF | 34.6% | +13 bp | -0.1% |
Risk and Returns: NUEM 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 4/18/2024
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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
NUEM
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™
NUEM
6.9%
Cat. Avg
7.8%
Fund Category: Emerging Market Equities
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 6.9% |
Recommendation
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.
Category Overview
There are 163 funds in the Emerging Market Equities category, with an average ALTAR Score™
of 7.8% and a standard deviation of
3.9%. NUEM's ALTAR Score™ is approximately
0.2 standard deviations
below
the category average. This places NUEM in the 41st percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
NUEM
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
Latest price | |
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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) |
|
---|---|---|---|
NUEM | 36.0 | 83.3 | 119.3 |
Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .