EMQQ The Emerging Markets Internet & Ecommerce ETF (0R4B)
XMUN 
Summary
0R4B Chart
EMQQ: No Catalyst, But Attractive Valuation
EMQQ has plunged from YTD gains to a six-month loss, yet apparently valuations now sit below historical averages, suggesting a possible value opportunity. The fund's P/E of 18.49x is roughly 2 standard deviations below its 3-year average, even as aggregate revenue and earnings grew 15.5%. Weekly RSI near the 30-point zone points to a potential bottom, though no clear catalyst currently supports a near-term rebound.
EMQQ: Questionable Holdings And High Fees
EMQQ's portfolio does not consistently align with its stated focus on emerging markets internet and e-commerce companies, diluting its investment thesis. A significant portion of EMQQ's holdings are from developed markets or sectors outside internet and e-commerce, undermining its thematic purity. The ETF charges high fees (0.86%) and has underperformed its lower-fee peer KEMQ across multiple timeframes, making it less attractive.
For long-term investors, India is the perfect emerging market: EMQQ
Kevin Carter of EMQQ Global says that India is a very special situation and that the digital and internet sectors are particularly exciting.
EMQQ The Emerging Markets Internet & Ecommerce ETF (0R4B) FAQ
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EMQQ The Emerging Markets Internet & Ecommerce ETF Profile
| XMUN Exchange | US Country |
Overview
The fund is an investment entity that focuses on capitalizing on the growth potential of emerging market internet and e-commerce sectors. By investing in securities that make up the index or in depositary receipts that represent such securities, the fund aims to mirror the performance of the index curated by EMQQ Global LLC, the index provider. This strategy is designed to engage with the dynamically evolving sectors within emerging markets, offering investors exposure to companies at the forefront of internet and e-commerce innovation. The fund's distinctive approach is underscored by its non-diversified status, which allows for concentrated investments in this niche area, potentially leading to higher returns albeit with increased risk.
Products and Services
- Securities Investment
- Depositary Receipts Investment
The core product of the fund involves investing in a range of securities that are part of the designated index. This includes direct investments in stocks of companies within the emerging market internet and e-commerce sectors. By doing so, the fund seeks to replicate the index's performance, leveraging growth in these high-potential markets for the benefit of its investors.
Apart from direct securities investment, the fund also invests in depositary receipts. These financial instruments represent a specific number of shares in a foreign company and are an effective way for investors to gain exposure to emerging market companies without the complexities of direct investments in foreign markets. This approach enhances the fund's accessibility to high-growth opportunities in the internet and e-commerce sectors of emerging economies.
