MEM
Matthews Emerging Markets Equity Active ETF
MEM is actively managed to invest in emerging market companies with perceived sustainable growth potential.
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
44.7 M
ASSETS UNDER MGMT
79 bp
EXPENSES
Fund Basics
| Fund sponsor | Matthews International Capital Man |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Jul 13, 2022 |
| Assets (mns) | $45 |
| Expense ratio | 79 bp |
| Currency | CAD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| TAIWAN SEMICONDUCTOR MANUFAC | 12.1 % |
| TENCENT HOLDINGS LTD | 6.0 % |
| ALIBABA GROUP HOLDING LTD. | 5.9 % |
| SAMSUNG ELECTRONICS CO LTD | 3.9 % |
| HDFC BANK LTD-ADR | 3.1 % |
| HYNIX SEMICONDUCTOR INC | 2.6 % |
| ANTOFAGASTA PLC | 2.2 % |
| KOREA INVESTMENT HOLDINGS CO | 2.2 % |
| ITAU UNIBANCO HLDNG-PREF ADR | 2.2 % |
| HYUNDAI ELECTRIC & ENERGY SYSTEMS CO., L | 2.1 % |
Constituent Breakdown
| Number of holdings | 74 |
| Herfindahl-Hirschman Index | 307 |
| Wgt avg mkt cap (mns) | $250,986 |
| Large cap (>$10bn) | 87.5% |
| Mid cap ($2-10bn) | 8.9% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 7.8% |
| Emerging mkts. | 90.5% |
Country Exposure
 |
CHINA | 24.0 % |
 |
SOUTH KOREA | 18.5 % |
 |
TAIWAN | 16.9 % |
 |
INDIA | 13.9 % |
 |
BRAZIL | 4.3 % |
 |
HONG KONG | 2.9 % |
 |
BRITAIN | 2.2 % |
 |
SOUTH AFRICA | 1.8 % |
 |
MEXICO | 1.8 % |
 |
UAE | 1.5 % |
Historical Performance
Standardized Performance (as of 12/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 23.8% | 23.8% | 12.5% | 10.6% | -- | -- | -- | 10.9% |
| Dividend Yield | 4.5% | 4.5% | 6.3% | 4.1% | -- | -- | -- | 3.7% |
| Total Returns | 28.3% | 28.3% | 18.9% | 14.7% | -- | -- | -- | 14.6% | Ann. Volatility | 17.7% | 17.7% | 16.8% | 16.2% | -- | -- | -- | 16.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.69 | 57% |
| MSCI EAFE | 0.83 | 59% |
| MSCI Emg Mkts | 0.98 | 94% |
Liquidity Measures
| Avg. volume (000) | 4 |
| ADV traded (mns) | $0 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.33% |
Technical Indicators
| 30d moving avg. (EMA) | $36.01 |
| Relative strength (RSI) | 63 |
| MACD/Signal | 0.56/0.37 |
| Bollinger Bands (Upper/Lower) | $37.88/$34.00 |
| Short interest (% of AUM) | 2.4% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. MEM |
Expenses vs. MEM |
ALTAR Score™ vs. MEM |
|---|---|---|---|---|
| JADE | JPMorgan Active Developing Markets Equity ETF | 44.6% | -14 bp | +7.8% |
| JEMA | JPMorgan ActiveBuilders Emerging Markets Equity ETF | 42.7% | -46 bp | +8.4% |
| MINV | Matthews Asia Innovators Active ETF | 42.6% | 0 bp | +8.7% |
| EMSG | Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF | 40.6% | -59 bp | +9.8% |
| AIA | iShares Asia 50 ETF | 37.6% | -29 bp | +10.4% |
| FLAX | Franklin FTSE Asia Ex Japan ETF | 37.1% | -60 bp | +8.6% |
| EEMA | iShares MSCI Emerging Markets Asia ETF | 36.5% | -30 bp | +9.3% |
| AAXJ | iShares MSCI All Country Asia ex Japan ETF | 36.3% | -9 bp | +8.5% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 35.6% | -13 bp | +8.7% |
| ESGE | iShares ESG Aware MSCI EM ETF | 35.5% | -54 bp | +9.5% |
Risk and Returns: MEM vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 1/11/2026
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
ETF Research Center Rating
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
MEM
10.5%
Cat. Avg
7.8%
ALTAR Score™ Calculation
Category Overview
There are 136 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.8% and a standard deviation of
2.5%. MEM's ALTAR Score™ is approximately
1.1 standard deviations
above
the category average. This places MEM in the 86th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
MEMSELL
U/W
HOLD
O/W
BUY