EEMO
Invesco S&P Emerging Markets Momentum ETF
The Invesco S&P Emerging Markets Momentum Portfolio is based on the S&P Momentum Emerging Plus LargeMidCap Index. The Fund will invest at least 90% of its total assets in the securities of companies that comprise the Underlying Index, as well as ADRs/GDRs representing ownership in the securities in the Underlying Index.
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
9.0 M
ASSETS UNDER MGMT
29 bp
EXPENSES
Fund Basics
| Fund sponsor | Invesco |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Feb 24, 2012 |
| Assets (mns) | $9 |
| Expense ratio | 29 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Momentum |
| Weighting | Momentum |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| TAIWAN SEMICONDUCTOR MANUFAC | 10.1 % |
| INVESCO GOVERNMENT & AGENCY PORTFOLIO | 4.4 % |
| HON HAI PRECISION INDUSTRY | 4.3 % |
| INFOSYS TECHNOLOGIES LTD | 3.8 % |
| MEDIATEK INC | 3.3 % |
| BHARTI AIRTEL LIMITED | 3.3 % |
| MAHINDRA & MAHINDRA LTD. | 2.1 % |
| ZOMATO LTD. | 1.9 % |
| NU HOLDINGS LTD. CLASS A | 1.6 % |
| ACWA POWER | 1.6 % |
Constituent Breakdown
| Number of holdings | 197 |
| Herfindahl-Hirschman Index | 231 |
| Wgt avg mkt cap (mns) | $115,945 |
| Large cap (>$10bn) | 81.8% |
| Mid cap ($2-10bn) | 17.6% |
| Small cap (<$2bn) | 0.2% |
| Developed mkts. | 2.3% |
| Emerging mkts. | 97.7% |
Country Exposure
 |
INDIA | 46.4 % |
 |
TAIWAN | 25.7 % |
 |
SOUTH KOREA | 6.9 % |
 |
MALAYSIA | 4.4 % |
 |
TURKEY | 3.0 % |
 |
BRAZIL | 1.8 % |
 |
CAYMAN ISLANDS | 1.7 % |
 |
CHINA | 1.6 % |
 |
SAUDI ARABIA | 1.6 % |
 |
INDONESIA | 1.4 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 12.4% | 30.9% | 13.3% | 1.7% | 2.7% | 1.8% | 0.5% | Volatility | 15.4% | 15.6% | 14.6% | 16.2% | 23.6% | 23.4% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.73 | 70% |
| MSCI EAFE | 0.68 | 62% |
| MSCI Emg Mkts | 0.61 | 50% |
Liquidity Measures
| Avg. volume (000) | 3 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.65% |
| ADV of underlying (mns) | $6,910 |
Technical Indicators
| Recent close | $16.27 |
| 30d moving avg. | $17.12 |
| Annualized volatility | 15.1% |
| Relative strength (RSI) | 44 |
| Short interest (ETF) | 3.3% |
| 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. EEMO |
Expenses vs. EEMO |
ALTAR Score™ vs. EEMO |
|---|---|---|---|---|
| FLIN | Franklin FTSE India ETF | 39.7% | -10 bp | -0.8% |
| INDA | iShares MSCI India ETF | 39.2% | +36 bp | -1.2% |
| PIN | Invesco India ETF | 39.0% | +49 bp | -1.0% |
| EMXC | iShares MSCI Emerging Markets ex China ETF | 33.6% | -4 bp | +1.2% |
| STXE | Strive Emerging Markets Ex-China ETF | 32.8% | +3 bp | +1.5% |
| XC | WisdomTree Emerging Markets Ex-China Fund | 32.4% | +3 bp | +0.5% |
| XCNY | SPDR S&P Emerging Markets ex-China ETF | 31.9% | -14 bp | +0.8% |
| KEMX | KraneShares MSCI Emerging Markets EX China Index ETF | 30.8% | -5 bp | +3.7% |
| DGRE | WisdomTree Emerging Markets Quality Dividend Growth Fund | 30.6% | +3 bp | +1.4% |
| FEEM | FlexShares ESG & Climate Emerging Markets Core Index ETF | 30.1% | -11 bp | +1.3% |
Risk and Returns: EEMO 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 11/15/2024
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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
EEMO
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
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.
ALTAR Score™
EEMO
5.6%
Cat. Avg
7.8%
ALTAR Score™ Calculation
Category Overview
There are 165 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.8% and a standard deviation of
4.1%. EEMO's ALTAR Score™ is approximately
0.5 standard deviations
below
the category average. This places EEMO in the 29th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
EEMOSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based Emerging Market Equity ETFs |
| # of ETFs | 103 |
| Avg. Expense Ratio | 64.6 bp |
| Std. Deviation | 29 bp |
| EEMO (29 bp) Percentile rank | 11 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| EEMO | 29.0 | 65.3 | 94.3 |
| Peer Avg. | 47.4 | 39.4 | 86.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .