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Global X Emerging Markets ex-China (EMM)Overvalued or undervalued?
Look-through valuation · Global · Expense ratio 0.74 % · ISIN US37960A6367
Price history (since 2023)
Monthly close since 2023. Price shows performance, the valuation verdict is in the look-through above.
Top holdings
| Holding | Weight | vs fair value | Quality |
|---|---|---|---|
| Global X Funds - Global X India Active ETF NDIA | 17.3 % | n/a | n/a |
| Taiwan Semiconductor Manufacturing Co. Ltd. 2330 | 16.2 % | +10.0 % | 72 |
| Global X Brazil Active ETF BRAZ | 7.4 % | n/a | n/a |
| Samsung Electronics Co Ltd SSNLF | 5.7 % | n/a | n/a |
| SK Hynix Inc 000660 | 4.3 % | +13.8 % | 72 |
| MediaTek Inc 2454 | 4.1 % | −21.7 % | 79 |
| Delta Electronics Inc 2308 | 3.5 % | −66.7 % | 71 |
| Hanwha Aerospace Co Ltd 012450 | 2.7 % | −27.2 % | 39 |
| Samsung C&T Corp 028260 | 2.7 % | −44.5 % | 46 |
| Hon Hai Precision Industry Co Ltd 2317 | 2.7 % | +19.3 % | 56 |
| Shinhan Financial Group 055550 | 2.6 % | +29.6 % | 65 |
| Al Rajhi Bank 1120 | 1.7 % | −38.2 % | 44 |
| Saudi National Bank 1180 | 1.5 % | +21.3 % | 52 |
| Taiwan Semiconductor Manufacturing TSM | 1.5 % | +10.0 % | 77 |
| Fubon Financial Holding Co Ltd 2881 | 1.5 % | −45.4 % | 39 |
| Capitec Bank Holdings Ltd CPI | 1.5 % | −78.4 % | 72 |
| Sam Yang Foods 003230 | 1.4 % | −18.3 % | 60 |
| Quanta Computer Inc 2382 | 1.3 % | −33.8 % | 50 |
| Firstrand Ltd FSR | 1.1 % | −21.3 % | 63 |
| Vista Energy, S.A.B. de C.V. VIST | 1.0 % | −20.9 % | 39 |
| Alchip Technologies Ltd 3661 | 1.0 % | +10.0 % | 65 |
| Alpha Bank S.A. ALPHA | 1.0 % | −20.9 % | 43 |
| Franco-Nevada Corporation FNV | 1.0 % | n/a | n/a |
| Wal-Mart de México S.A.B. de C.V. WALMEX | 1.0 % | +0.6 % | 69 |
| Aspeed Technology 5274 | 1.0 % | −67.2 % | 85 |
Fair value and quality per position come from the same valuation as our stock pages. Showing the 25 largest of 40 disclosed positions. "n/a" means the position is not (yet) in our stock universe and does not enter the average.
The 10 most cheaply valued ETFs
Measured against the look-through fair value of the holdings (sufficiently covered funds only). Green means below fair value, red above. Not financial advice.
- 1 KWEB KraneShares CSI China Internet ETF 49.7 % below FV
- 2 CHIQ Global X MSCI China Consumer Disc ETF 49.3 % below FV
- 3 CHIU Global X MSCI China Utilities ETF 45.9 % below FV
- 4 MCHI iShares MSCI China ETF 36.3 % below FV
- 5 FLCH Franklin FTSE China ETF 35.9 % below FV
- 6 FDNI First Trust Dow Jones International Internet ETF 28.4 % below FV
- 7 FCFY First Trust S&P 500 Diversified Free Cash Flow ETF 26.1 % below FV
- 8 ITB iShares U.S. Home Construction ETF 23.0 % below FV
- 9 FDEM Fidelity® Emerging Markets Multifactor ETF 17.0 % below FV
- 10 XLC Communication Services Select Sector SPDR® Fund 16.2 % below FV
Frequently asked about EMM
Is EMM overvalued?
What is the fair value of EMM?
How do you calculate the fair value of an ETF?
Which stocks drive the valuation of EMM?
What is the expense ratio of EMM?
How we value this ETF
An ETF has no fair value of its own like a single stock. We build it bottom up: every holding has a fair value and a quality score on our pages. Weighted by portfolio share, that gives Global X Emerging Markets ex-China ETF an average of how cheap or expensive its companies currently sit versus fair value, and how high their average quality is.
As of: Oct 26, 2026
The look-through is a computed summary of public fundamentals and is no substitute for your own research.