|Market Price||$24.28||Daily Change||-$0.14||-0.57%|
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 they forecast to continue.1
EMM’s portfolio managers have extensive track records in actively managed emerging market strategies.
In a single trade, EMM delivers access to dozens of emerging market stocks across a range of sectors, along with the outperformance potential of active management.
1IMF, Apr 2023
|Total Expense Ratio||0.75%|
|Net Assets||$23.79 million|
|Fact Sheet||View the document|
The Global X Emerging Markets 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 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 ETF (EMM) seeks to achieve long-term capital growth.
|Bloomberg IOPV Ticker||EMMIV|
|Primary Exchange||NYSE Arca|
|Number of Holdings||64|
|30-Day Median Bid-Ask Spread||0.47%|
|30-Day SEC Yield||-0.69%|
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.
|Market Price||$24.28||Daily Change||-$0.14||-0.57%|
As of recent month & quarter-end (09/30/23)
As of recent month & quarter-end (09/30/23)
|Fund NAV||Market Price||Benchmark|
Effective May 12, 2023, the fund acquired the performance, financial, accounting and other historical information of the Mirae Asset Emerging Markets Fund. Performance shown prior to May 15, 2023 reflects the return of the Mirae Asset Emerging Markets Fund's I shares with a NAV conversion ratio of 0.40 applied in connection with the acquisition. Market price returns prior to that date reflects the predecessor fund’s NAV return.
Performance is shown on a total return basis (i.e., with gross income reinvested, where applicable). Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized return is the average return gained or lost by an investment each year over a given time period.
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. High short-term performance, when observed, is unusual and investors should not expect such performance to be repeated.
|Net Assets (%)||Ticker||Name||SEDOL||Market Price ($)||Shares Held||Market Value ($)|
|6.48||SMSN LI||SAMSUNG ELECTR-GDR REG S||4942818||1,244.00||1,238||1,540,072.00|
|4.04||700 HK||TENCENT HOLDINGS LTD||BMMV2K8||39.09||24,600||961,694.47|
|3.78||IBN||ICICI BANK LTD-SPON ADR||2569286||23.00||39,074||898,702.00|
|3.77||RIGD LI||RELIANC-GDR 144A||B16CYP9||55.80||16,063||896,315.40|
|3.56||TCOM||TRIP.COM GROUP LTD-ADR||BK1K3N2||34.96||24,248||847,710.08|
|2.95||PDD||PDD HOLDINGS INC||BYVW0F7||99.67||7,036||701,278.12|
|2.71||1910 HK||SAMSONITE INTL||B4Q1532||3.43||187,400||643,603.93|
|2.59||2888 HK||STANDARD CHARTERED PLC||6558484||9.22||66,700||615,262.59|
|2.52||2378 HK||PRUDENTIAL PLC||B3Q15X5||10.82||55,450||599,981.81|
|2.50||HDB||HDFC BANK LTD-ADR||2781648||57.92||10,274||595,070.08|
|2.47||BBRI IJ||BANK RAKYAT INDO||6709099||0.34||1,737,000||587,202.19|
|2.25||005380 KS||HYUNDAI MOTOR CO||6451055||141.62||3,781||535,459.54|
|1.89||LEMONTRE IN||LEMON TREE HOTELS LTD||BF2LSQ7||1.37||327,873||449,120.81|
|1.82||3690 HK||MEITUAN-CLASS B||BGJW376||14.63||29,610||433,231.32|
|1.80||DALBHARA IN||DALMIA BHARAT LTD||BFN2YR2||28.95||14,772||427,703.80|
|1.76||ZOMATO IN||ZOMATO LTD||BL6P210||1.22||341,698||417,652.03|
|1.73||APHS IN||APOLLO HOSPITALS||6273583||61.87||6,648||411,310.79|
|1.66||PNJ VN||PHU NHUAN JEWELRY JSC||B64FX58||3.24||122,200||395,876.82|
|1.63||1928 HK||SANDS CHINA LTD||B5B23W2||3.06||126,200||386,693.99|
|1.61||19 HK||SWIRE PACIFIC LTD - CL A||6867748||6.75||56,877||383,776.61|
|1.46||BDMS-R TB||BANGKOK DUS-NVDR||B013SV4||0.73||474,812||347,070.70|
|1.44||CPALL-R TB||CP ALL PCL-NVDR||B08YDH1||1.64||207,700||341,597.97|
|1.35||2269 HK||WUXI BIOLOGICS CAYMAN INC||BL6B9P1||5.83||55,100||321,136.16|
|1.31||GFNORTEO MM||GRUPO F BANORT-O||2421041||8.53||36,400||310,478.21|
|1.26||SUZ||SUZANO SA - SPON ADR||2207177||10.67||28,155||300,413.85|
|1.23||IHH MK||IHH HEALTHCARE BHD||B83X6P8||1.23||237,800||291,389.44|
|1.20||1211 HK||BYD CO LTD-H||6536651||30.90||9,200||284,249.70|
|1.19||GRAB||GRAB HOLDINGS LTD - CL A||BP6NH40||3.48||81,436||283,397.28|
|1.13||051910 KS||LG CHEM LTD||6346913||367.94||732||269,333.04|
|1.13||RJHI AB||AL RAJHI BANK||B12LZH9||18.02||14,887||268,320.06|
|1.13||WALMEX* MM||WALMART DE MEXIC||BW1YVH8||3.74||71,600||267,712.70|
|0.99||1880 HK||CHINA TOURISM -H||BLB6P53||13.27||17,800||236,119.78|
|0.98||CLIP||GLOBAL X 1-3 MONTH T-BILL||BNBPYF7||25.13||9,300||233,662.50|
|0.98||300274 C2||SUNGROW POWER -A||BD5CGB4||12.23||19,000||232,463.32|
|0.96||SNB AB||THE SAUDI NATIONAL BANK||BSHYYN1||9.04||25,240||228,133.10|
|0.87||603218 C1||RIYUE HEAVY IN-A||BMTCX56||2.17||95,000||206,206.99|
|0.81||CLS SJ||CLICKS GROUP LTD||6105578||13.35||14,506||193,637.62|
|0.79||BUDGET AB||UNITED INTERNATI||B2493D0||18.90||9,918||187,486.32|
|0.78||FEC CN||FRONTERA ENERGY CORP||BD9P7F0||7.30||25,392||185,253.55|
|0.74||FSR SJ||FIRSTRAND LTD||6606996||3.27||54,041||176,620.77|
|0.72||VAMO3 BZ||VAMOS LOCACAO DE||BJLSQZ2||1.76||96,700||170,279.71|
|0.67||1772 HK||GANFENG LITHIU-H||BZ9NS11||4.10||39,080||160,410.34|
|0.67||TTMT IN||TATA MOTORS LTD||B611LV1||7.59||20,830||158,078.86|
|0.65||TADAWULG AB||SAUDI TADAWUL GR||BMZQ749||51.94||2,952||153,322.03|
|0.64||LREN3 BZ||LOJAS RENNER S.A.||B0CGYD6||2.53||60,400||153,047.08|
|0.63||ALPHA GA||ALPHA SERVICES A||BZ1MXR7||1.29||116,657||150,803.65|
|0.62||VESTA* MM||VESTA SAB DE CV||B8F6ZF8||3.23||45,500||147,146.07|
|0.59||SQM||QUIMICA Y-SP ADR||2771122||56.24||2,514||141,387.36|
|0.59||268 HK||KINGDEE INTL SFT||6327587||1.23||114,200||140,552.95|
|0.58||NPN SJ||NASPERS LTD-N SHS||BN0VX82||158.21||870||137,641.59|
|0.56||NAHDI AB||NAHDI MEDICAL CO||BMZPZG4||39.46||3,393||133,888.98|
|0.54||JAHEZ AB||JAHEZ INTERNATIONAL CO||BLGSG06||119.23||1,084||129,249.93|
|0.53||SALIK UH||SALIK CO PJSC||BJN5952||0.90||139,082||125,713.57|
|0.47||KCHOL TI||KOC HOLDING AS||B03MVJ8||5.48||20,233||110,863.73|
|0.46||CPI SJ||CAPITEC BANK HOLDINGS LTD||6440859||88.49||1,237||109,461.36|
|0.45||NU||NU HOLDINGS LT-A||BN6NP19||7.05||15,178||107,004.90|
|0.40||VIVA3 BZ||VIVARA PARTICIPACOES SA||BKTPCJ8||5.25||18,200||95,463.64|
|0.40||MYTIL GA||MYTILINEOS S.A.||5898664||35.29||2,694||95,074.04|
|0.00||CHINESE YUAN RENMINBI||0.14||-2,917||-398.78|
|-0.01||SOUTH AFRICAN RAND||0.05||-26,380||-1,374.86|
|-0.07||HONG KONG DOLLAR||0.13||-130,122||-16,612.98|
|-0.12||OTHER PAYABLE & RECEIVABLES||1.00||-29,127||-29,127.46|
|Other Consumer Services||5.6|
All Sector, Industry and Geographic breakdowns, where provided, are based on equity positions held by the ETF and exclude cash, currencies, and other holdings.
|Return on Equity||13.10%|
|Weighted Avg. Market Cap||97,212 M|
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 08/31, EMM was rated against the following numbers of Diversified Emerging Mkts funds over the following time periods: 718 during the last 3 years, 644 during the last 5 years, 389 during the last 10 years. With respect to these Diversified Emerging Mkts funds, EMM received a Morningstar Rating of 3, 3, and 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.