EMC
Global X Emerging Markets Great Consumer ETF
EMC is an actively managed fund that invests in companies across multiple sectors that are positioned to benefit from the increasing consumption and growing purchasing power of consumers from the emerging markets.
Emerging Market
EQUITY
Active
MANAGEMENT STYLE
130.6 M
ASSETS UNDER MGMT
75 bp
EXPENSES
Fund Basics
| Fund sponsor | Global X |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | May 15, 2023 |
| Assets (mns) | $131 |
| Expense ratio | 75 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Semi-annual |
| 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
Complete list +
| TAIWAN SEMICONDUCTOR-SP ADR | 10.4 % |
| TENCENT HOLDINGS LTD | 4.7 % |
| MIDEA GROUP CO. LTD. CLASS A | 3.4 % |
| ICICI BANK LTD-SPON ADR | 3.3 % |
| HON HAI PRECISION INDUSTRY | 2.8 % |
| MEDIATEK INC | 2.8 % |
| TRIP.COM GROUP LTD. SPONSORED ADR | 2.7 % |
| HYNIX SEMICONDUCTOR INC | 2.7 % |
| QUANTA COMPUTER INC | 2.6 % |
| MAX HEALTHCARE INSTITUTE LTD | 2.4 % |
Constituent Breakdown
| Number of holdings | 72 |
| Herfindahl-Hirschman Index | 271 |
| Wgt avg mkt cap (mns) | $150,088 |
| Large cap (>$10bn) | 77.1% |
| Mid cap ($2-10bn) | 14.4% |
| Small cap (<$2bn) | 4.7% |
| Developed mkts. | 4.0% |
| Emerging mkts. | 94.9% |
Country Exposure
 |
INDIA | 21.8 % |
 |
CHINA | 20.6 % |
 |
TAIWAN | 19.6 % |
 |
SOUTH KOREA | 6.1 % |
 |
INDONESIA | 5.6 % |
 |
BRAZIL | 4.6 % |
 |
SAUDI ARABIA | 3.5 % |
 |
SOUTH AFRICA | 2.7 % |
 |
MEXICO | 1.8 % |
 |
UAE | 1.6 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 4.7% | 15.7% | -- | -- | -- | -- | 9.4% | Volatility | 15.1% | 15.1% | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.93 | 75% |
| MSCI EAFE | 0.70 | 54% |
| MSCI Emg Mkts | 0.97 | 91% |
Liquidity Measures
| Avg. volume (000) | 17 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.17% |
| ADV of underlying (mns) | $8,360 |
Technical Indicators
| Recent close | $26.41 |
| 30d moving avg. | $27.74 |
| Annualized volatility | 14.1% |
| Relative strength (RSI) | 48 |
| Short interest (ETF) | 0.2% |
| 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. EMC |
Expenses vs. EMC |
ALTAR Score™ vs. EMC |
|---|---|---|---|---|
| EMM | Global X Emerging Markets ex-China ETF | 67.0% | 0 bp | -0.3% |
| FRDM | Freedom 100 Emerging Markets ETF | 27.7% | -26 bp | +2.8% |
| MEM | Matthews Emerging Markets Equity Active ETF | 25.4% | +4 bp | +0.9% |
| GMF | SPDR S&P Emerging Asia Pacific ETF | 25.0% | -26 bp | +1.7% |
| MINV | Matthews Asia Innovators Active ETF | 24.9% | +4 bp | -1.5% |
| JEMA | JPMorgan ActiveBuilders Emerging Markets Equity ETF | 21.7% | -42 bp | +3.8% |
| XSOE | WisdomTree Emerging Markets ex-State-Owned Enterprises Fund | 20.4% | -43 bp | +1.7% |
| EEMX | SPDR MSCI Emerging Markets Fossil Fuel Free ETF | 18.5% | -45 bp | +2.8% |
| EQLT | iShares MSCI Emerging Markets Quality Factor ETF | 18.3% | -40 bp | +2.9% |
| EMCR | Xtrackers Emerging Markets Carbon Reduction and Climate Impr | 17.4% | -60 bp | +5.8% |
Risk and Returns: EMC 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 11/14/2024
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
EMC
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™
EMC
4.5%
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%. EMC's ALTAR Score™ is approximately
0.8 standard deviations
below
the category average. This places EMC in the 21st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
EMCSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active Emerging Market Equity ETFs |
| # of ETFs | 22 |
| Avg. Expense Ratio | 60.3 bp |
| Std. Deviation | 21.7 bp |
| EMC (75 bp) Percentile rank | 75 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| EMC | 75.0 | 16.8 | 91.8 |
| Peer Avg. | 62.5 | 25.9 | 88.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .