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
284.4 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) | $284 |
| 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 | 11.3 % |
| ALIBABA GROUP HOLDING LTD. | 3.2 % |
| HYNIX SEMICONDUCTOR INC | 2.5 % |
| HDFC BANK LIMITED | 2.0 % |
| CHINA CONSTRUCTION BANK-H | 2.0 % |
| DELTA ELECTRONICS INC | 1.9 % |
| IND & COMM BK OF CHINA - H | 1.6 % |
| CHINATRUST FINANCIAL HOLDING | 1.6 % |
| BHARTI AIRTEL LIMITED | 1.5 % |
| LENOVO GROUP LTD | 1.4 % |
Constituent Breakdown
| Number of holdings | 263 |
| Herfindahl-Hirschman Index | 215 |
| Wgt avg mkt cap (mns) | $142,201 |
| Large cap (>$10bn) | 82.7% |
| Mid cap ($2-10bn) | 17.2% |
| Small cap (<$2bn) | 0.1% |
| Developed mkts. | 3.1% |
| Emerging mkts. | 96.9% |
Country Exposure
 |
CHINA | 22.9 % |
 |
TAIWAN | 19.7 % |
 |
INDIA | 18.5 % |
 |
SOUTH KOREA | 11.1 % |
 |
SAUDI ARABIA | 4.4 % |
 |
BRAZIL | 4.1 % |
 |
SOUTH AFRICA | 2.4 % |
 |
HONG KONG | 2.1 % |
 |
MEXICO | 2.0 % |
 |
INDONESIA | 1.7 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 11.3% | 23.1% | 17.4% | -2.1% | 5.2% | -- | 4.2% | Volatility | 21.5% | 20.7% | 19.5% | 20.4% | 22.0% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.72 | 45% |
| MSCI EAFE | 0.82 | 60% |
| MSCI Emg Mkts | 1.06 | 99% |
Liquidity Measures
| Avg. volume (000) | 20 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.83% |
| ADV of underlying (mns) | $18,032 |
Technical Indicators
| Recent close | $29.62 |
| 30d moving avg. | $31.17 |
| Annualized volatility | 18.7% |
| Relative strength (RSI) | 51 |
| Short interest (ETF) | 0.9% |
| 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 | 46.5% | -16 bp | +0.3% |
| LDEM | iShares ESG MSCI EM Leaders ETF | 44.6% | -19 bp | +1.2% |
| ESGE | iShares ESG Aware MSCI EM ETF | 43.7% | -11 bp | +0.6% |
| EMXF | iShares ESG Advanced MSCI EM ETF | 40.7% | -20 bp | +0.3% |
| FEEM | FlexShares ESG & Climate Emerging Markets Core Index ETF | 40.0% | -18 bp | +0.3% |
| ECON | Columbia Emerging Markets Consumer ETF | 38.4% | +13 bp | +0.8% |
| EEMX | SPDR MSCI Emerging Markets Fossil Fuel Free ETF | 37.1% | -6 bp | +0.8% |
| EEMA | iShares MSCI Emerging Markets Asia ETF | 36.0% | +13 bp | +0.0% |
| KEMX | KraneShares MSCI Emerging Markets EX China Index ETF | 35.3% | -12 bp | +2.6% |
| EMCR | Xtrackers Emerging Markets Carbon Reduction and Climate Impr | 34.9% | -21 bp | +3.8% |
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 11/22/2024
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
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 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™
NUEM
6.5%
Cat. Avg
7.7%
ALTAR Score™ Calculation
Category Overview
There are 165 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.7% and a standard deviation of
4.1%. NUEM's ALTAR Score™ is approximately
0.3 standard deviations
below
the category average. This places NUEM in the 38th 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
Expense Analysis
| Peer Group | Rules-Based Emerging Market Equity ETFs |
| # of ETFs | 103 |
| Avg. Expense Ratio | 64.6 bp |
| Std. Deviation | 29 bp |
| NUEM (36 bp) Percentile rank | 16 |
Peer Group Expense Ratio Distribution
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. | 47.4 | 39.4 | 86.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .