iShares MSCI Malaysia ETF
ALTAR
Score™		 6.5% info Recommen-
dation		 NEUTRAL
2025E    2026E
P/E
ratio		 14.8x P/Sales
ratio		 2.2x
P/BV
ratio		 1.5x Div.
yield		 3.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares MSCI Malaysia Index fund seeks investment results that correspond to the price and yield performance of publicly traded securities in the Malaysian market, as measured by the MSCI Malaysia Index.

FUND BASICS
Category International Equities
Fund Sponsor Barclays Global Investors
Website www.ishares.com
Inception date Mar 12, 1996
Assets (mns) $356
Currency USD
Expense ratio 50 bp
Distributions Semi-annual

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Market Cap
Index replication Optimized
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 27
Wgt avg mkt cap (mns) $13,302
Large cap (>$10bn) 48.0%
Mid cap ($2-10bn) 52.0%
Small cap (<$2bn) 0.0%
Developed mkts 0.0%
Emerging mkts 100.0%

TOP TEN HOLDINGS
PUBLIC BANK BHD-FOREIGN MKT 13.6 %
MALAYAN BANKING BHD 12.7 %
CIMB GROUP HOLDINGS BHD 12.0 %
TENAGA NASIONAL BHD 7.4 %
PRESS METAL ALUMINIUM HOLDINGS BER 6.6 %
IHH HEALTHCARE BHD 3.9 %
GAMUDA BHD 3.9 %
AMMB HOLDINGS BHD 3.2 %
SUNWAY BHD 2.9 %
RHB CAPITAL BHD 2.8 %
Total 68.9 %

TOP COUNTRY EXPOSURE
MALAYSIA 99.5 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
4.4% 23.7% 4.9% 3.0% 2.0%

Market Correlations
versus... Beta R-squared
S&P500 0.66 31%
MSCI EAFE 0.59 40%
MSCI Emg. Mkts. 0.43 38%

Technical Indicators
Recent close $27.91
30d moving avg. $29.37
Annualized volatility 15.3%
Short interest (ETF) 7.7%
Relative strength (RSI) 40

Liquidity measures
Avg. volume (thou.) 254
Turnover 2.0%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $44

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 102 potential alternatives to the iShares MSCI Malaysia ETF ETF based on the alternatives' overlap in portfolio holdings with EWM. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EWM Expense: 50 bp ALTAR Score™: 6.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EWM
Ticker Fund
Name		 Overlap1
vs EWM
(%)		 Expense
ratio
(bp)		 Savings
vs EWM
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs EWM
(%)
EDIV SPDR S&P Emerging Markets Dividend ETF 9.4 49 1 9.1 +2.6
EELV Invesco S&P Emerging Markets Low Volatility ETF 7.3 29 21 8.9 +2.4
EDOG ALPS Emerging Sector Dividend Dogs ETF 6.0 60 -10 10.7 +4.3
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 4.7 40 10 6.3 -0.2
FRDM Freedom 100 Emerging Markets ETF 4.7 49 1 5.3 -1.1
EMMF WisdomTree Emerging Markets Multifactor Fund 4.3 48 2 8.4 +1.9
VIDI Vident International Equity Strategy ETF 3.2 61 -11 8.1 +1.6
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 3.1 32 18 4.8 -1.6
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 3.1 44 6 9.5 +3.1
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 2.9 25 25 6.2 -0.3
UEVM VictoryShares Emerging Markets Value Momentum ETF 2.9 45 5 9.7 +3.2
ADIV SmartETFs Asia Pacific Dividend Builder ETF 2.7 78 -28 9.7 +3.2
ROAM Hartford Multifactor Emerging Markets ETF 2.6 44 6 7.5 +1.0
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF 2.6 90 -40 3.7 -2.8
MOO VanEck Agribusiness ETF 2.3 53 -3 9.2 +2.7
LDEM iShares ESG MSCI EM Leaders ETF 2.3 17 33 12.9 +6.4
FTAG First Trust Indxx Global Agriculture ETF 2.3 70 -20 7.2 +0.8
DWX SPDR S&P International Dividend ETF 2.1 45 5 6.8 +0.3
ESGE iShares ESG Aware MSCI EM ETF 1.9 25 25 8.3 +1.8
VEXC Vanguard Emerging Markets Ex-China ETF 1.9 7 43 5.7 -0.7
RNEM First Trust Emerging Markets Equity Select ETF 1.9 75 -25 8.2 +1.8
DEM WisdomTree Emerging Markets High Dividend Fund 1.8 63 -13 10.3 +3.8
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 1.8 24 26 5.2 -1.2
VEGI iShares MSCI Agriculture Producers ETF 1.8 39 11 7.7 +1.2
EMXF iShares ESG Advanced MSCI EM ETF 1.6 16 34 6.7 +0.3
XCNY SPDR S&P Emerging Markets ex-China ETF 1.6 15 35 5.7 -0.8
GMF SPDR S&P Emerging Asia Pacific ETF 1.6 49 1 8.6 +2.1
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 1.5 30 20 7.6 +1.2
JHEM John Hancock Multifactor Emerging Markets ETF 1.5 49 1 7.5 +1.1
XCEM Columbia EM Core ex-China ETF 1.4 16 34 4.9 -1.6
EEMA iShares MSCI Emerging Markets Asia ETF 1.4 49 1 7.5 +1.0
SCHE Schwab Emerging Markets Equity ETF 1.3 11 39 9.5 +3.1
FLAX Franklin FTSE Asia Ex Japan ETF 1.3 19 31 7.1 +0.6
VWO Vanguard FTSE Emerging Markets ETF 1.3 7 43 9.2 +2.7
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 1.3 15 35 8.0 +1.5
DVYE iShares Emerging Markets Dividend ETF 1.3 49 1 17.9 +11.5
EMXC iShares MSCI Emerging Markets ex China ETF 1.2 25 25 5.1 -1.4
XC WisdomTree Emerging Markets Ex-China Fund 1.2 32 18 6.6 +0.2
FDEM Fidelity Emerging Markets Multifactor ETF 1.1 25 25 10.4 +3.9
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.1 70 -20 6.9 +0.4
AVXC Avantis Emerging Markets Ex-China Equity ETF 1.1 33 17 6.1 -0.4
ECON Columbia Emerging Markets Consumer ETF 1.1 49 1 6.6 +0.2
NUEM Nuveen ESG Emerging Markets Equity ETF 1.1 36 14 6.1 -0.4
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 1.1 66 -16 7.2 +0.7
BKEM BNY Mellon Emerging Markets Equity ETF 1.0 11 39 7.9 +1.4
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 1.0 50 0 8.1 +1.6
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 1.0 30 20 8.0 +1.5
EEM iShares MSCI Emerging Markets ETF 1.0 69 -19 7.8 +1.3
HEEM iShares Currency Hedged MSCI Emerging Markets ETF 1.0 69 -19 7.4 +0.9
AVES Avantis Emerging Markets Value ETF 1.0 36 14 8.9 +2.5
SPEM SPDR Portfolio Emerging Markets ETF 0.9 7 43 9.5 +3.0
IEMG iShares Core MSCI Emerging Markets ETF 0.9 9 41 8.2 +1.7
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.9 59 -9 8.6 +2.1
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 0.9 15 35 8.8 +2.4
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.8 58 -8 8.4 +1.9
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.8 32 18 7.4 +0.9
DFAE Dimensional Emerging Core Equity Market ETF 0.8 35 15 7.0 +0.5
AVSE Avantis Responsible Emerging Markets Equity ETF 0.8 33 17 6.6 +0.2
JSTC Adasina Social Justice All Cap Global ETF 0.8 89 -39 4.3 -2.1
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.8 39 11 13.7 +7.2
STXE Strive Emerging Markets Ex-China ETF 0.8 32 18 5.2 -1.3
DEXC Dimensional Emerging Markets ex China Core EquityETF 0.8 53 -3 5.1 -1.4
AVEM Avantis Emerging Markets Equity ETF 0.7 33 17 7.0 +0.6
OBOR KraneShares MSCI One Belt One Road Index ETF 0.7 79 -29 7.5 +1.0
PXH Invesco FTSE RAFI Emerging Markets ETF 0.7 49 1 13.4 +7.0
DEHP Dimensional Emerging Markets High Profitability ETF 0.7 41 9 4.8 -1.7
IPAV Global X Infrastructure Development ex-U.S. ETF 0.7 55 -5 5.7 -0.7
VYMI Vanguard International High Dividend Yield ETF 0.6 17 33 8.1 +1.6
DFEM Dimensional Emerging Markets Core Equity 2 ETF 0.6 38 12 7.0 +0.5
DFEV Dimensional Emerging Markets Value ETF 0.5 43 7 9.4 +2.9
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 0.5 95 -45 10.0 +3.5
PICK iShares MSCI Global Metals & Mining Producers ETF 0.5 39 11 8.0 +1.5
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.5 35 15 10.0 +3.6
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 0.5 33 17 6.7 +0.3
EMGF iShares Emerging Markets Equity Factor ETF 0.4 25 25 8.8 +2.4
IGRO iShares International Dividend Growth ETF 0.4 15 35 6.8 +0.3
ACWV iShares MSCI Global Min Vol Factor ETF 0.4 20 30 5.7 -0.7
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 0.4 46 4 7.8 +1.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.4 41 9 6.0 -0.5
VEU Vanguard FTSE All-World ex-US Index Fund 0.4 4 46 6.7 +0.3
ECOW Pacer Emerging Markets Cash Cows 100 ETF 0.4 70 -20 9.5 +3.0
VSGX Vanguard ESG International Stock ETF 0.4 10 40 6.6 +0.1
VXUS Vanguard Total International Stock ETF 0.4 5 45 6.7 +0.2
NXTG First Trust Indxx NextG ETF 0.3 70 -20 3.4 -3.0
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 0.3 41 9 6.9 +0.4
HAUZ DBX ETF Trust - Xtrackers International Real Estate ETF 0.3 10 40 8.6 +2.2
ACWX iShares MSCI ACWI ex U.S. ETF 0.3 34 16 6.4 -0.1
IXUS iShares Core MSCI Total International Stock ETF 0.3 7 43 6.6 +0.1
SCHY Schwab International Dividend Equity ETF 0.3 14 36 8.5 +2.0
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 0.3 47 3 5.0 -1.5
CWI SPDR MSCI ACWI ex-US ETF 0.2 30 20 6.5 +0.0
RAYE Rayliant Quantamental Emerging Market ex-China Equity ETF 0.2 88 -38 8.4 +1.9
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.2 30 20 6.4 -0.1
DEW WisdomTree Global High Dividend Fund 0.2 58 -8 7.2 +0.8
VT Vanguard Total World Stock ETF 0.1 6 44 5.0 -1.5
ACWI iShares MSCI ACWI ETF 0.1 32 18 4.6 -1.8
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 41 4.9 -1.6
SDG iShares MSCI Global Sustainable Development Goals ETF 0.0 49 1 4.5 -2.0
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.0 20 30 4.7 -1.8
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.0 12 38 4.4 -2.0
AQLT iShares MSCI Global Quality Factor ETF 0.0 18 32 0.0 -6.5
GLOF iShares Global Equity Factor ETF 0.0 20 30 5.6 -0.9

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2020 2021 2022 2023 2024 2025E 2026E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2024 2025E 2026E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 iShares MSCI Malaysia ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 10.2 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 6.5 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.56 CATEGORY
AVERAGE		 1.64
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.