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.
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
324.7 M
ASSETS UNDER MGMT
36 bp
EXPENSES
Fund Basics
| Fund sponsor | Nuveen |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 06, 2017 |
| Assets (mns) | $325 |
| 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 | 13.4 % |
| DELTA ELECTRONICS INC | 3.1 % |
| CHINA CONSTRUCTION BANK-H | 2.5 % |
| NETEASE, INC | 2.2 % |
| IND & COMM BK OF CHINA - H | 1.9 % |
| KUAISHOU TECHNOLOGY CLASS B | 1.9 % |
| CHINATRUST FINANCIAL HOLDING | 1.7 % |
| AGRICULTURAL BANK OF CHINA-H | 1.7 % |
| NHN CORP | 1.7 % |
| NONGFU SPRING CO., LTD. CLASS H | 1.6 % |
Constituent Breakdown
| Number of holdings | 188 |
| Herfindahl-Hirschman Index | 281 |
| Wgt avg mkt cap (mns) | $195,434 |
| Large cap (>$10bn) | 85.5% |
| Mid cap ($2-10bn) | 16.9% |
| Small cap (<$2bn) | 0.3% |
| Developed mkts. | 3.4% |
| Emerging mkts. | 102.4% |
Country Exposure
 |
CHINA | 30.5 % |
 |
TAIWAN | 24.0 % |
 |
INDIA | 16.2 % |
 |
SOUTH KOREA | 9.6 % |
 |
SAUDI ARABIA | 4.1 % |
 |
BRAZIL | 3.7 % |
 |
SOUTH AFRICA | 2.6 % |
 |
MEXICO | 2.2 % |
 |
HONG KONG | 2.2 % |
 |
MALAYSIA | 1.6 % |
Historical Performance
Standardized Performance (as of 11/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 24.8% | 21.9% | 16.7% | 11.0% | 2.7% | -- | -- | 4.4% |
| Dividend Yield | 0.0% | 0.0% | 1.4% | 1.6% | 1.7% | -- | -- | 1.6% |
| Total Returns | 24.8% | 21.9% | 18.2% | 12.6% | 4.4% | -- | -- | 6.0% | Ann. Volatility | 18.2% | 18.1% | 19.5% | 18.6% | 19.5% | -- | -- | 20.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.63 | 46% |
| MSCI EAFE | 0.77 | 50% |
| MSCI Emg Mkts | 0.93 | 82% |
Liquidity Measures
| Avg. volume (000) | 18 |
| ADV traded (mns) | $1 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.75% |
Technical Indicators
| 30d moving avg. (EMA) | $36.45 |
| Relative strength (RSI) | 52 |
| MACD/Signal | 0.01/-0.02 |
| Bollinger Bands (Upper/Lower) | $36.87/$35.81 |
| Short interest (% of AUM) | 0.3% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. NUEM |
Expenses vs. NUEM |
ALTAR Score™ vs. NUEM |
|---|---|---|---|---|
| EMCR | Xtrackers Emerging Markets Carbon Reduction and Climate Impr | 39.3% | -21 bp | +7.7% |
| LDEM | iShares ESG MSCI EM Leaders ETF | 37.5% | -19 bp | +12.9% |
| ESGE | iShares ESG Aware MSCI EM ETF | 36.9% | -11 bp | +9.9% |
| EMXF | iShares ESG Advanced MSCI EM ETF | 36.3% | -20 bp | +7.9% |
| EMSG | Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF | 35.7% | -16 bp | 0.0% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 34.0% | +30 bp | +9.0% |
| ECON | Columbia Emerging Markets Consumer ETF | 33.2% | +13 bp | +11.6% |
| KEMX | KraneShares MSCI Emerging Markets EX China Index ETF | 33.0% | -12 bp | +7.3% |
| EEMX | SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF | 32.8% | -6 bp | +9.7% |
| XSOE | WisdomTree Emerging Markets ex-State-Owned Enterprises Fund | 32.6% | -4 bp | +8.6% |
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
| 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 12/14/2025
Peer Group Comparison Sample data. Subscribe for access.
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™
NUEM
7.2%
Cat. Avg
7.9%
ALTAR Score™ Calculation
Category Overview
There are 129 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.9% and a standard deviation of
2.7%. NUEM's ALTAR Score™ is approximately
0.3 standard deviations
below
the category average. This places NUEM in the 40th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
NUEMSELL
U/W
HOLD
O/W
BUY
Bid/Ask Spreads
75 bp
AVG SPREAD
54 —
182 bp
RANGE