EMM
Global X Emerging Markets ex-China ETF
EMM is an actively managed fund that invests in stocks of emerging market companies of all sizes that are believed to be future leaders within their respective markets.
Emerging Market
EQUITY
Active
MANAGEMENT STYLE
26.2 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) | $26 |
| 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 % |
| MEDIATEK INC | 3.5 % |
| ICICI BANK LTD-SPON ADR | 3.3 % |
| QUANTA COMPUTER INC | 2.8 % |
| HON HAI PRECISION INDUSTRY | 2.7 % |
| ZOMATO LTD. | 2.4 % |
| APOLLO HOSPITALS ENTERPRISE | 2.1 % |
| HDFC BANK LTD-ADR | 2.1 % |
| TVS MOTOR CO LTD | 2.0 % |
| FORTUNE ELECTRIC CO LTD | 2.0 % |
Constituent Breakdown
| Number of holdings | 70 |
| Herfindahl-Hirschman Index | 243 |
| Wgt avg mkt cap (mns) | $115,152 |
| Large cap (>$10bn) | 70.8% |
| Mid cap ($2-10bn) | 19.7% |
| Small cap (<$2bn) | 5.7% |
| Developed mkts. | 4.2% |
| Emerging mkts. | 94.2% |
Country Exposure
 |
INDIA | 31.4 % |
 |
TAIWAN | 23.9 % |
 |
SOUTH KOREA | 10.0 % |
 |
BRAZIL | 5.5 % |
 |
SAUDI ARABIA | 4.2 % |
 |
SOUTH AFRICA | 3.7 % |
 |
INDONESIA | 3.7 % |
 |
MEXICO | 2.5 % |
 |
VIETNAM | 2.1 % |
 |
GREECE | 2.0 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 1.3% | 6.8% | -- | -- | -- | -- | 6.1% | Volatility | 16.6% | 16.2% | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.88 | 63% |
| MSCI EAFE | 0.72 | 50% |
| MSCI Emg Mkts | 0.93 | 78% |
Liquidity Measures
| Avg. volume (000) | 2 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.47% |
| ADV of underlying (mns) | $5,044 |
Technical Indicators
| Recent close | $26.96 |
| 30d moving avg. | $27.60 |
| Annualized volatility | 14.5% |
| Relative strength (RSI) | 46 |
| Short interest (ETF) | 0.0% |
| 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. EMM |
Expenses vs. EMM |
ALTAR Score™ vs. EMM |
|---|---|---|---|---|
| EMC | Global X Emerging Markets Great Consumer ETF | 63.5% | 0 bp | +0.6% |
| FRDM | Freedom 100 Emerging Markets ETF | 27.2% | -26 bp | +3.3% |
| EEMO | Invesco S&P Emerging Markets Momentum ETF | 19.5% | -46 bp | +1.5% |
| GMF | SPDR S&P Emerging Asia Pacific ETF | 18.8% | -26 bp | +2.0% |
| MEM | Matthews Emerging Markets Equity Active ETF | 18.8% | +4 bp | +1.9% |
| MINV | Matthews Asia Innovators Active ETF | 16.9% | +4 bp | -1.0% |
| XCEM | Columbia EM Core ex-China ETF | 16.7% | -59 bp | +3.9% |
| STXE | Strive Emerging Markets Ex-China ETF | 16.5% | -43 bp | +3.1% |
| NDIA | Global X India Active ETF | 15.4% | 0 bp | +3.2% |
| XC | WisdomTree Emerging Markets Ex-China Fund | 15.1% | -43 bp | +1.9% |
Risk and Returns: EMM 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 12/18/2024
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
EMM
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
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
EMM
4.1%
Cat. Avg
7.8%
ALTAR Score™ Calculation
Category Overview
There are 164 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.8% and a standard deviation of
4.1%. EMM's ALTAR Score™ is approximately
0.9 standard deviations
below
the category average. This places EMM in the 18th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
EMMSELL
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 |
| EMM (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) |
|
|---|---|---|---|
| EMM | 75.0 | 47.0 | 122 |
| Peer Avg. | 60.7 | 26.1 | 86.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .