NAV | $27.93 | Daily Change | $0.10 | 0.36% |
Market Price | $27.92 | Daily Change | $0.33 | 1.20% |
According to the IMF, emerging market and developing economies have returned higher rates of GDP growth than major advanced economies (i.e., the G7) every year dating back to 1999 – a trend it expects to continue.1
The strategy creates capacity to focus on smaller, sometimes overlooked markets, such as Greece, Mexico, and countries in Southeast Asia.
In a single trade, EMM delivers access to fundamental stock picks across a range of sectors, with a focus on secular consumption stories across Emerging Markets, excluding China.
1IMF, Oct2023
Inception Date | 09/24/10 |
Total Expense Ratio | 0.75% |
Net Assets | $27.11 million |
NAV | $27.93 |
Standard Fact Sheet (Monthly) | View the document |
Expanded Fact Sheet (Quarterly) | View the document |
The Global X Emerging Markets ex-China ETF (EMM) is an actively managed fund sub-advised in part by Mirae Asset Global Investments (Hong Kong) Limited. EMM seeks to invest in emerging market companies , excluding China, that we believe can achieve, or maintain, a dominant position within their respective market. As part of its investment strategy, EMM aims to identify early winners in growing industries, where entrepreneurship can produce long-term global competitiveness.
The Global X Emerging Markets ex-China ETF (EMM) seeks to achieve long-term capital growth.
Ticker | EMM |
Bloomberg IOPV Ticker | EMMIV |
CUSIP | 37960A636 |
ISIN | US37960A6367 |
Primary Exchange | NYSE Arca |
Shares Outstanding | 970,587 |
Number of Holdings | 74 |
30-Day Median Bid-Ask Spread | 0.46% |
30-Day SEC Yield | 0.34% |
Distribution Frequency | Semi-Annually |
Notice: Effective as of the close of business on May 12, 2023, the Fund acquired the assets and liabilities, and assumed the performance, financial and other historical information, of the Mirae Asset Discovery Emerging Markets Fund, a series of the Mirae Asset Discovery Funds.
NAV | $27.93 | Daily Change | $0.10 | 0.36% |
Market Price | $27.92 | Daily Change | $0.33 | 1.20% |
Effective May 12, 2023, the fund acquired the performance, financial, accounting and other historical information of the Mirae Asset Emerging Markets Fund. Performance shown prior to May 15, 2023 reflects the return of the Mirae Asset Emerging Markets Fund's I shares with a NAV conversion ratio of 0.40 applied in connection with the acquisition. Market price returns prior to that date reflects the predecessor fund’s NAV return.
From September 24, 2010 through March 29, 2024, the fund benchmark was the MSCI Emerging Markets Index. Effective April 1, 2024, and thereafter, the fund benchmark is the MSCI Emerging Markets ex China Index Net Total Return (NETR) Index. Performance information on this table includes both benchmarks denoted as "Previous" and "Current". Historical performance of the current benchmark on this table begins from March 09, 2017, onward.
Performance is shown on a total return basis (i.e., with gross income reinvested, where applicable). Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized return is the average return gained or lost by an investment each year over a given time period.
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. High short-term performance, when observed, is unusual and investors should not expect such performance to be repeated.
Net Assets (%) | Ticker | Name | SEDOL | Market Price ($) | Shares Held | Market Value ($) |
---|---|---|---|---|---|---|
9.36 | TSM | TAIWAN SEMIC-ADR | 2113382 | 161.94 | 15,674 | 2,538,247.56 |
6.42 | SMSN LI | SAMSUNG ELECTR-GDR REG S | 4942818 | 1,465.00 | 1,188 | 1,740,420.00 |
4.03 | 000660 KS | SK HYNIX INC | 6450267 | 138.42 | 7,900 | 1,093,508.46 |
3.43 | 2454 TT | MEDIATEK INC | 6372480 | 37.93 | 24,500 | 929,189.39 |
3.27 | IBN | ICICI BANK LTD-SPON ADR | 2569286 | 28.76 | 30,774 | 885,060.24 |
2.67 | 5274 TT | ASPEED TECHNOLOGY INC | B80VKP3 | 120.78 | 6,000 | 724,708.32 |
2.63 | HDB | HDFC BANK LTD-ADR | 2781648 | 60.64 | 11,774 | 713,975.36 |
2.35 | 2382 TT | QUANTA COMPUTER INC | 6141011 | 8.38 | 76,000 | 636,671.03 |
2.11 | LT IN | LARSEN & TOUBRO LTD | B0166K8 | 43.95 | 13,000 | 571,370.39 |
2.05 | ZOMATO IN | ZOMATO LTD | BL6P210 | 2.68 | 206,698 | 554,527.46 |
2.00 | RIGD LI | RELIANC-GDR 144A | B16CYP9 | 71.80 | 7,545 | 541,731.00 |
1.95 | APHS IN | APOLLO HOSPITALS | 6273583 | 79.60 | 6,648 | 529,176.08 |
1.85 | TTAN IN | TITAN CO LTD | 6139340 | 41.73 | 12,042 | 502,549.13 |
1.81 | 3661 TT | ALCHIP TECHNOLOGIES LTD | B4TPSL0 | 81.94 | 6,000 | 491,668.44 |
1.81 | 055550 KS | SHINHAN FINANCIA | 6397502 | 41.86 | 11,700 | 489,734.06 |
1.70 | TTMT IN | TATA MOTORS LTD | B611LV1 | 13.36 | 34,430 | 459,868.55 |
1.67 | MM IN | MAHINDRA & MAHINDRA LTD | 6100186 | 34.49 | 13,143 | 453,314.89 |
1.61 | ALPHA GA | ALPHA SERVICES A | BZ1MXR7 | 1.80 | 242,690 | 437,350.49 |
1.59 | MAXHEALT IN | MAX HEALTHCARE I | BMB2291 | 11.33 | 38,000 | 430,486.26 |
1.56 | ANTO LN | ANTOFAGASTA PLC | 0045614 | 25.28 | 16,742 | 423,284.24 |
1.55 | TVSL IN | TVS MOTOR CO LTD | 6726548 | 29.95 | 14,000 | 419,366.69 |
1.54 | 005380 KS | HYUNDAI MOTOR CO | 6451055 | 175.73 | 2,381 | 418,412.66 |
1.35 | RJHI AB | AL RAJHI BANK | B12LZH9 | 22.26 | 16,397 | 364,950.82 |
1.33 | EIM IN | EICHER MOTORS LTD | BMW4CV8 | 59.87 | 6,000 | 359,206.34 |
1.29 | ADNOCDRI UH | ADNOC DRILLING CO PJSC | BN12D39 | 1.18 | 295,400 | 349,043.29 |
1.24 | WALMEX* MM | WALMART DE MEXIC | BW1YVH8 | 3.32 | 101,000 | 335,700.44 |
1.23 | VIVA3 BZ | VIVARA PARTICIPACOES SA | BKTPCJ8 | 4.10 | 81,300 | 333,031.12 |
1.21 | FSR SJ | FIRSTRAND LTD | 6606996 | 4.38 | 74,766 | 327,241.29 |
1.17 | WEGE3 BZ | WEG SA | 2945422 | 8.30 | 38,300 | 317,842.89 |
1.16 | ABB IN | ABB INDIA LTD | B1Y9QS9 | 93.77 | 3,362 | 315,264.36 |
1.14 | 352820 KS | HYBE CO LTD | BNGCJ25 | 123.91 | 2,500 | 309,782.41 |
1.10 | ARCO | ARCOS DORADOS-A | B529PQ0 | 9.65 | 31,000 | 299,150.00 |
1.10 | PEPL IN | PRESTIGE ESTATES PROJECTS | B4T3LF9 | 21.90 | 13,600 | 297,814.84 |
1.09 | RENT3 BZ | LOCALIZA RENT A CAR | B08K3S0 | 7.77 | 38,000 | 295,257.21 |
1.05 | LEMONTRE IN | LEMON TREE HOTELS LTD | BF2LSQ7 | 1.75 | 163,273 | 285,608.92 |
1.05 | MELI | MERCADOLIBRE INC | B23X1H3 | 1,651.69 | 172 | 284,090.68 |
1.04 | BBCA IJ | BANK CENTRAL ASIA TBK PT | B01C1P6 | 0.63 | 442,700 | 280,594.08 |
1.04 | ITUB | ITAU UNIBANC-ADR | 2849739 | 6.06 | 46,285 | 280,487.10 |
1.03 | GPL IN | GODREJ PROPERTIES LTD | BGQL729 | 37.37 | 7,500 | 280,261.57 |
1.02 | GFNORTEO MM | GRUPO F BANORT-O | 2421041 | 7.71 | 35,900 | 276,690.69 |
0.97 | 2317 TT | HON HAI | 6438564 | 5.85 | 45,000 | 263,197.98 |
0.97 | SIEM IN | SIEMENS LTD | B15T569 | 82.62 | 3,167 | 261,651.38 |
0.96 | AMRT IJ | SUMBER ALFARIA T | BCDBLJ9 | 0.17 | 1,491,000 | 260,856.35 |
0.96 | SAHOL TI | HACI OMER SABANCI HOLDING | B03N0C7 | 3.20 | 81,100 | 259,781.50 |
0.93 | BMRI IJ | BANK MANDIRI | 6651048 | 0.40 | 627,100 | 252,148.86 |
0.92 | AMERICAN AB | AMERICANA RESTAU | BP4X2F8 | 0.84 | 297,000 | 248,581.94 |
0.89 | BUDGET AB | UNITED INTERNATI | B2493D0 | 24.26 | 9,918 | 240,574.16 |
0.88 | HNDL IN | HINDALCO INDUSTRIES LTD | B0GWF48 | 7.97 | 30,000 | 239,208.13 |
0.84 | SALIK UH | SALIK CO PJSC | BJN5952 | 0.93 | 243,782 | 226,326.33 |
0.81 | CASH | 1.00 | 219,065 | 219,064.52 | ||
0.79 | NU | NU HOLDINGS LT-A | BN6NP19 | 12.41 | 17,278 | 214,419.98 |
0.66 | SNB AB | THE SAUDI NATIONAL BANK | BSHYYN1 | 9.89 | 18,090 | 178,894.07 |
0.61 | NPN SJ | NASPERS LTD-N SHS | BN0VX82 | 188.59 | 870 | 164,076.46 |
0.60 | 000270 KS | KIA CORP | 6490928 | 80.90 | 2,000 | 161,801.32 |
0.60 | RRRP3 BZ | 3R PETROLEUM OLE | BLF7QT3 | 4.54 | 35,500 | 161,242.34 |
0.59 | 8069 TT | E INK HOLDINGS INC | 6744283 | 8.01 | 20,000 | 160,233.95 |
0.58 | 3037 TT | UNIMICRON TECHNOLOGY CORP | 6137720 | 5.82 | 27,000 | 157,096.29 |
0.56 | DNP PW | DINO POLSKA SA | BD0YVN2 | 87.43 | 1,733 | 151,511.66 |
0.54 | CLS SJ | CLICKS GROUP LTD | 6105578 | 18.55 | 7,906 | 146,645.35 |
0.54 | PWGR IN | POWER GRID CORP | B233HS6 | 4.11 | 35,600 | 146,352.19 |
0.54 | BDMS-R TB | BANGKOK DUS-NVDR | B013SV4 | 0.73 | 198,412 | 145,810.26 |
0.50 | VESTA* MM | VESTA SAB DE CV | B8F6ZF8 | 2.94 | 46,400 | 136,383.39 |
0.50 | PNJ VN | PHU NHUAN JEWELRY JSC | B64FX58 | 3.80 | 35,600 | 135,284.22 |
0.50 | PEO PW | BANK PEKAO SA | 5473113 | 40.84 | 3,300 | 134,775.20 |
0.49 | NAHDI AB | NAHDI MEDICAL CO | BMZPZG4 | 35.18 | 3,793 | 133,456.66 |
0.49 | MYTIL GA | METLEN ENERGY & METALS SA | 5898664 | 40.17 | 3,294 | 132,310.70 |
0.47 | CPI SJ | CAPITEC BANK HOLDINGS LTD | 6440859 | 152.12 | 837 | 127,324.34 |
0.44 | 3711 TT | ASE TECHNOLOGY H | BFXZDY1 | 4.74 | 25,000 | 118,423.86 |
0.37 | BDO PM | BDO UNIBANK INC | B5VJH76 | 2.50 | 40,000 | 100,085.69 |
0.34 | RAPT4 BZ | RANDON SA IMPLEMENTOS E P | B010V49 | 1.94 | 47,200 | 91,664.26 |
0.33 | GFI | GOLD FIELDS LTD-SPONS ADR | 2416326 | 16.32 | 5,500 | 89,760.00 |
0.33 | 035420 KS | NAVER CORP | 6560393 | 126.15 | 700 | 88,305.13 |
0.28 | SMPH PM | SM PRIME HOLDINGS INC | 6818843 | 0.51 | 150,000 | 76,478.15 |
0.23 | 3443 TT | GLOBAL UNICHIP CORP | B056381 | 40.67 | 1,500 | 61,001.61 |
0.00 | RENT1 BZ | LOCALIZA RENT A CAR - RTS | BR3XKZ9 | 2.00 | 1 | 2.00 |
0.00 | EURO | 1.13 | 0 | 0.09 | ||
0.00 | CHINESE YUAN RENMINBI | 0.17 | 0 | -0.01 | ||
0.00 | UAE DIRHAM | 0.27 | -1 | -0.17 | ||
-0.01 | INDIA RUPEE | 0.01 | -104,909 | -1,253.00 | ||
-0.01 | SOUTH AFRICAN RAND | 0.05 | -26,380 | -1,443.99 | ||
-0.55 | OTHER PAYABLE & RECEIVABLES | 1.00 | -148,604 | -148,603.71 |
Sector | Weight (%) | |
---|---|---|
Information Technology | 36.8 | |
Financials | 17.4 | |
Consumer Discretionary | 17.1 | |
Industrials | 8.2 | |
Health Care | 4.3 | |
Energy | 4.2 | |
Consumer Staples | 3.7 | |
Real Estate | 3.1 | |
Materials | 3.0 | |
Communication Services | 1.7 | |
Utilities | 0.5 |
Industry | Weight (%) | |
---|---|---|
Semiconductors | 22.9 | |
Banking | 15.1 | |
Electrical Equipment | 8.2 | |
Automobiles | 8.1 | |
Retail | 7.4 | |
Hotels, Restaurants & Leisure | 6.9 | |
Real Estate | 4.8 | |
Technology | 4.1 | |
Metals & Mining | 3.9 | |
Construction | 3.1 | |
Road & Rail | 2.9 | |
Other | 12.6 |
Country | Weight (%) | |
---|---|---|
India | 27.6 | |
Taiwan | 26.1 | |
South Korea | 17.0 | |
Brazil | 5.7 | |
Saudi Arabia | 3.6 | |
South Africa | 3.4 | |
Mexico | 2.9 | |
Indonesia | 2.8 | |
Uae | 1.8 | |
Britain | 1.7 | |
Greece | 1.4 | |
Other | 6.0 |
All Sector, Industry and Geographic breakdowns, where provided, are based on equity positions held by the ETF and exclude cash, currencies, and other holdings.
The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales load. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three- year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.
As of 06/30, EMM was rated against the following numbers of Diversified Emerging Mkts funds over the following time periods: 718 during the last 3 years, 646 during the last 5 years, 423 during the last 10 years. With respect to these Diversified Emerging Mkts funds, EMM received a Morningstar Rating of 3, 3, 4 stars, respectively. Past performance is not indicative of future results.
© 2023 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
Investing involves risk, including the possible loss of principal. International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles, or from economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. A small number of companies and industries may represent a large portion of the market in a particular country or region, and these companies and industries can be sensitive to adverse social, political, economic or regulatory developments in that country or region.
EMM is actively managed, which could increase its transaction costs (thereby lowering its performance) and could increase the amount of taxes you owe by generating short-term gains, which may be taxed at a higher rate.
Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. The market price returns are based on the official closing price of an ETF share or, if the official closing price isn’t available, the midpoint between the national best bid and national best offer (“NBBO”) as of the time the ETF calculates current NAV per share, and do not represent the returns you would receive if you traded shares at other times. NAVs are calculated using prices as of 4:00 PM Eastern Time. Indices are unmanaged and do not include the effect of fees, expenses or sales charges. One cannot invest directly in an index.
Carefully consider the Fund’s investment objectives, risks, and charges and expenses before investing. This and other information can be found in the Fund’s summary or full prospectuses. Please read the prospectus carefully before investing.
Global X Management Company LLC serves as an advisor to Global X Funds. The Funds are distributed by SEI Investments Distribution Co. (SIDCO), which is not affiliated with Global X Management Company LLC or Mirae Asset Global Investments. Global X Funds are not sponsored, endorsed, issued, sold or promoted by MSCI, nor does MSCI make any representations regarding the advisability of investing in the Global X Funds. Neither SIDCO, Global X nor Mirae Asset Global Investments are affiliated with MSCI.