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EMM

Emerging Markets ex-China ETFActive

 

Reasons to Consider EMM

High Growth Potential

Dynamic growth potential across structural, cyclical, and turnaround opportunities in Emerging Markets outside of China.

Unlocking Opportunities on the Frontier

The strategy creates capacity to focus on smaller, sometimes overlooked markets, such as Greece, Mexico, and countries in Southeast Asia.

Active Management with ETF Efficiency

EMM delivers access to experienced stock picking across what we deem as the highest quality growth areas within emerging markets outside of China.

Key Information As of 03/28/25

Inception Date 09/24/10
Total Expense Ratio 0.75%
Net Assets $16.94 million
NAV $25.65
Standard Fact Sheet (Monthly) View the document
Expanded Fact Sheet (Quarterly) View the document

ETF Summary

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.

ETF Objective

The Global X Emerging Markets ex-China ETF (EMM) seeks to achieve long-term capital growth.

Trading Details As of 03/28/25

Ticker EMM
Bloomberg IOPV Ticker EMMIV
CUSIP 37960A636
ISIN US37960A6367
Primary Exchange NYSE Arca
Shares Outstanding 660,587
Number of Holdings 71
30-Day Median Bid-Ask Spread 0.42%

Distributions As of 03/28/25

30-Day SEC Yield 0.11%
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.

ETF Prices As of 03/28/25

NAV $25.65 Daily Change -$0.31 -1.19%
Market Price $25.44 Daily Change -$0.55 -2.12%

Performance History

As of recent
(12/31/24)
As of recent
(12/31/24)
Fund NAV Market Price Previous Benchmark Current Benchmark
1 Year 3.09% 2.36% 7.50% 3.56%
3 Years -5.03% -5.31% -1.92% 0.12%
5 Years 0.97% 0.79% 1.70% 4.45%
10 Years 3.70% 3.60% 3.64% N/A
Since Inception 2.69% 2.63% 2.58% N/A
1 Year -3.77% -4.01% 10.07% 0.75%
3 Years -3.83% -3.96% 0.46% 0.86%
5 Years 1.56% 1.48% 4.26% 6.95%
10 Years 2.51% 2.47% 3.49% N/A
Since Inception 2.27% 2.25% 2.72% N/A
Year-to-Date 3.09% 2.36% 7.50% 3.56%
1 Month -1.06% -2.31% -0.14% -1.18%
3 Months -5.48% -5.79% -8.01% -8.12%
Since Inception 46.14% 44.84% 43.96% N/A
Year-to-Date -5.34% -4.86% 2.28% -1.76%
1 Month -6.35% -5.71% 0.48% -3.80%
3 Months -6.35% -7.05% 2.14% -2.92%
Since Inception 38.34% 37.80% 47.24% N/A

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.

Top Holdings As of 03/28/25

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
12.77 TSM TAIWAN SEMIC-ADR 2113382 165.25 13,094 2,163,783.50
4.04 2454 TT MEDIATEK INC 6372480 44.21 15,500 685,188.82
3.63 CASH 1.00 614,422 614,421.72
3.55 IBN ICICI BANK LTD-SPON ADR 2569286 31.38 19,188 602,119.44
2.25 TVSL IN TVS MOTOR CO LTD 6726548 28.31 13,468 381,298.54
2.19 SMSN LI SAMSUNG ELECTR-GDR REG S 4942818 1,005.00 369 370,845.00
2.00 055550 KS SHINHAN FINANCIA 6397502 32.59 10,407 339,200.57
1.97 RJHI AB AL RAJHI BANK B12LZH9 27.19 12,252 333,165.56
1.88 SNB AB THE SAUDI NATIONAL BANK BSHYYN1 9.56 33,385 319,075.51
1.83 PEPL IN PRESTIGE ESTATES PROJECTS B4T3LF9 13.86 22,319 309,276.36
1.82 LT IN LARSEN & TOUBRO LTD B0166K8 40.86 7,541 308,115.88
1.81 ADNOCDRI UH ADNOC DRILLING CO PJSC BN12D39 1.40 218,792 306,173.58
1.74 267260 KS HD HYUNDAI ELECTRIC CO BD4HFR9 207.97 1,416 294,487.06
1.66 HDB HDFC BANK LTD-ADR 2781648 66.13 4,255 281,383.15
1.60 1519 TT FORTUNE ELECTRIC CO LTD 6347604 15.06 18,000 271,027.90
1.57 APHS IN APOLLO HOSPITALS 6273583 77.41 3,443 266,513.52
1.55 MMYT MAKEMYTRIP LTD B552PC2 103.51 2,543 263,225.93
1.55 ABB IN ABB INDIA LTD B1Y9QS9 64.89 4,039 262,087.85
1.49 SALIK UH SALIK CO PJSC BJN5952 1.37 184,181 252,223.75
1.49 BMRI IJ BANK MANDIRI 6651048 0.31 802,300 251,929.95
1.43 000660 KS SK HYNIX INC 6450267 135.90 1,783 242,304.66
1.38 MM IN MAHINDRA & MAHINDRA LTD 6100186 31.19 7,503 234,010.91
1.35 ZOMATO IN ZOMATO LTD BL6P210 2.36 96,601 227,961.29
1.34 RENT3 BZ LOCALIZA RENT A CAR B08K3S0 5.98 37,900 226,582.52
1.29 BHARTI IN BHARTI AIRTEL LTD 6442327 20.28 10,780 218,620.63
1.27 SIEM IN SIEMENS LTD B15T569 61.72 3,491 215,464.00
1.24 MAXHEALT IN MAX HEALTHCARE I BMB2291 12.83 16,327 209,539.94
1.23 WEGE3 BZ WEG SA 2945422 7.95 26,100 207,491.24
1.22 FPT VN FPT CORP B1HMWH6 4.85 42,500 206,080.75
1.21 CPI SJ CAPITEC BANK HOLDINGS LTD 6440859 169.88 1,204 204,536.28
1.17 BUDGET AB UNITED INTERNATI B2493D0 22.15 8,947 198,212.66
1.16 TRENT IN TRENT LTD BDDRN32 62.30 3,166 197,249.70
1.16 WALMEX* MM WALMART DE MEXIC BW1YVH8 2.81 70,000 196,370.94
1.15 PRIO3 BZ PRIO SA BYY0144 6.96 27,900 194,178.66
1.15 ALPHA GA ALPHA SERVICES A BZ1MXR7 2.53 76,625 194,058.73
1.15 5274 TT ASPEED TECHNOLOGY INC B80VKP3 97.01 2,000 194,022.42
1.14 ITUB ITAU UNIBANC-ADR 2849739 5.52 35,119 193,856.88
1.12 VIVA3 BZ VIVARA PARTICIPACOES SA BKTPCJ8 3.48 54,600 190,192.11
1.12 TTAN IN TITAN CO LTD 6139340 35.84 5,297 189,845.45
1.11 352820 KS HYBE CO LTD BNGCJ25 163.99 1,148 188,260.88
1.09 ANTO LN ANTOFAGASTA PLC 0045614 22.41 8,262 185,189.58
1.07 161890 KS KOLMAR KOREA CO LTD B8K27N3 43.84 4,131 181,121.20
1.05 3661 TT ALCHIP TECHNOLOGIES LTD B4TPSL0 89.01 2,000 178,029.90
0.99 LEMONTRE IN LEMON TREE HOTELS LTD BF2LSQ7 1.50 111,121 166,943.14
0.94 2382 TT QUANTA COMPUTER INC 6141011 7.27 22,000 159,985.52
0.94 192820 KS COSMAX INC BKF2806 117.35 1,360 159,596.33
0.94 FSR SJ FIRSTRAND LTD 6606996 3.96 39,995 158,513.49
0.93 BDO PM BDO UNIBANK INC B5VJH76 2.68 58,720 157,582.64
0.91 GFNORTEO MM GRUPO F BANORT-O 2421041 7.15 21,500 153,638.37
0.91 BBCA IJ BANK CENTRAL ASIA TBK PT B01C1P6 0.51 299,200 153,574.88
0.89 GPL IN GODREJ PROPERTIES LTD BGQL729 24.92 6,031 150,266.08
0.88 2317 TT HON HAI 6438564 4.65 32,000 148,700.23
0.86 DNP PW DINO POLSKA SA BD0YVN2 118.02 1,233 145,518.73
0.83 SAHOL TI HACI OMER SABANCI HOLDING B03N0C7 2.21 63,661 140,786.78
0.74 AMRT IJ SUMBER ALFARIA T BCDBLJ9 0.12 1,016,100 125,785.33
0.71 NU NU HOLDINGS LT-A BN6NP19 10.35 11,654 120,618.90
0.69 ALDAR UH ALDAR PROPERTIES PJSC B0LX3Y2 2.29 50,684 116,186.62
0.67 EIM IN EICHER MOTORS LTD BMW4CV8 62.57 1,822 113,995.84
0.67 CLS SJ CLICKS GROUP LTD 6105578 18.26 6,187 112,963.27
0.64 MYTIL GA METLEN ENERGY & METALS SA 5898664 46.54 2,324 108,156.20
0.57 VESTA* MM VESTA SAB DE CV B8F6ZF8 2.32 41,800 96,871.76
0.57 VIST VISTA ENERGY SAB DE CV BJ84772 47.50 2,026 96,235.00
0.55 PWGR IN POWER GRID CORP B233HS6 3.40 27,375 92,992.85
0.54 NAHDI AB NAHDI MEDICAL CO BMZPZG4 30.71 2,967 91,121.94
0.53 BDMS-R TB BANGKOK DUS-NVDR B013SV4 0.65 136,412 89,101.77
0.50 005380 KS HYUNDAI MOTOR CO 6451055 139.78 610 85,268.15
0.46 POLYCAB IN POLYCAB INDIA LTD BHKDY38 60.23 1,293 77,876.50
0.46 RIGD LI RELIANC-GDR 144A B16CYP9 58.90 1,313 77,335.70
0.43 TTMT IN TATA MOTORS LTD B611LV1 7.89 9,277 73,203.34
0.39 GLOB GLOBANT SA BP40HF4 118.48 557 65,993.36
0.38 PNJ VN PHU NHUAN JEWELRY JSC B64FX58 3.21 20,000 64,131.39
0.31 MELI MERCADOLIBRE INC B23X1H3 2,048.07 26 53,249.82
0.23 OTHER PAYABLE & RECEIVABLES 1.00 38,128 38,128.15
0.00 EURO 1.13 0 0.09
-0.01 SOUTH AFRICAN RAND 0.05 -26,380 -1,433.01
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 02/28/25

Sector Weight (%)
Information Technology 32.3
Financials 20.4
Consumer Discretionary 15.0
Industrials 12.2
Consumer Staples 5.2
Real Estate 3.5
Health Care 3.5
Energy 3.1
Communication Services 2.1
Materials 2.1
Utilities 0.4
Other 0.2

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Semiconductors & Semiconductor Equipment 22.4
Banks 19.4
Capital Goods 10.2
Automobiles & Components 5.3
Technology Hardware & Equipment 4.1
Energy 3.7
Health Care Equipment & Services 3.5
Transportation 3.4
Consumer Services 2.8
Consumer Staples Distribution 2.8
Consumer Discretionary Distribution & Retail 2.3
Other 20.1

Source: new windowAltaVista Research, LLC

Country Weight (%)
Taiwan 29.5
India 26.8
South Korea 11.7
Brazil 5.2
Saudi Arabia 5.1
South Africa 4.0
Indonesia 3.2
Mexico 2.6
Uae 2.1
Greece 1.9
Vietnam 1.7
Other 6.2

Source: new windowAltaVista Research, LLC

All Sector, Industry and Geographic breakdowns, where provided, are based on equity positions held by the ETF and exclude cash, currencies, and other holdings.

ETF Characteristics As of 03/28/25

Return on Equity 18.20%
Weighted Avg. Market Cap 145,434 M
2024 2025
Price-to-earnings 18.67 15.04
Price-to-book value 2.93 2.57

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 02/28/25

Versus Beta
S&P 500 0.91
NASDAQ-100 0.85
MSCI EAFE 0.63
MSCI Emg. Mkts 0.90
Standard Deviation 14.40%

Source: new windowAltaVista Research, LLC

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ETF Documents

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.