NUEM
Nuveen ESG Emerging Markets Equity ETF
The NuShares ESG Emerging Markets Equity ETF tracks an index of large- and midcap emerging-market stocks that score highly on environmental, social, and governance criteria. The index is optimized for marketlike risk and return characteristics.
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 395.1 M
ASSETS UNDER MGMT
36 bp
EXPENSES
Fund Basics
| Inception date | Jun 06, 2017 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Annually |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| TAIWAN SEMICONDUCTOR MANUFAC | 15.5 % |
| DELTA ELECTRONICS INC | 3.2 % |
| TENCENT HOLDINGS LTD | 3.0 % |
| SAMSUNG SDI CO LTD | 2.4 % |
| ASIA VITAL COMPONENTS | 2.4 % |
| CHINA CONSTRUCTION BANK-H | 2.1 % |
| UNITED MICROELECTRONICS CORP | 1.7 % |
| IND & COMM BK OF CHINA - H | 1.7 % |
| PING AN INSURANCE GROUP CO-H | 1.5 % |
| HCL TECHNOLOGIES LTD | 1.4 % |
Constituent Breakdown
| Number of holdings | 175 |
| Herfindahl-Hirschman Index | 328 |
| Wgt avg mkt cap (mns) | $207,740 |
| Large cap (>$10bn) | 80.5% |
| Mid cap ($2-10bn) | 13.4% |
| Small cap (<$2bn) | 0.1% |
| Developed mkts. | 1.8% |
| Emerging mkts. | 93.4% |
Sector Breakdown
Country Exposure
 |
TAIWAN | 26.2 % |
 |
CHINA | 22.7 % |
 |
SOUTH KOREA | 15.2 % |
 |
INDIA | 12.4 % |
 |
BRAZIL | 4.2 % |
 |
SAUDI ARABIA | 2.9 % |
 |
SOUTH AFRICA | 1.9 % |
 |
HONG KONG | 1.7 % |
 |
MEXICO | 1.2 % |
 |
POLAND | 1.1 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 19.5% | 38.8% | 23.7% | 17.4% | 3.3% | -- | -- | 6.0% |
| Dividend Yield | 0.0% | 5.1% | 3.5% | 3.2% | 2.6% | -- | -- | 2.2% |
| Total Returns | 19.5% | 43.9% | 27.2% | 20.6% | 5.9% | -- | -- | 8.2% | Ann. Volatility | 24.6% | 18.7% | 20.9% | 19.5% | 19.7% | -- | -- | 20.3% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.17 | 54% |
| MSCI EAFE | 0.96 | 60% |
| MSCI Emg Mkts | 0.91 | 92% |
Liquidity Measures
| Avg. volume (000) | 23 |
| ADV traded (mns) | $1 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.72% |
Technical Indicators
| 30d moving avg. (EMA) | $40.90 |
| Relative strength (RSI) | 60 |
| MACD/Signal | 0.54/0.50 |
| Bollinger Bands (Upper/Lower) | $43.15/$39.84 |
| Short interest (% of AUM) | 0.3% |
Distributions
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. NUEM |
Expenses vs. NUEM |
ALTAR Score™ vs. NUEM |
|---|---|---|---|---|
| LDEM | iShares ESG MSCI EM Leaders ETF | 42.1% | -19 bp | +6.5% |
| ESGE | iShares ESG Aware MSCI EM ETF | 41.6% | -11 bp | +2.1% |
| EEMX | SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF | 35.7% | -6 bp | +1.9% |
| EMXF | iShares ESG Advanced MSCI EM ETF | 35.6% | -20 bp | +0.9% |
| AIA | iShares Asia 50 ETF | 35.4% | +14 bp | +1.3% |
| EEMA | iShares MSCI Emerging Markets Asia ETF | 35.2% | +13 bp | +1.6% |
| EEM | iShares MSCI Emerging Markets ETF | 34.5% | +33 bp | +1.7% |
| HEEM | iShares Currency Hedged MSCI Emerging Markets ETF | 34.5% | +33 bp | +1.3% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 34.2% | +30 bp | +1.1% |
| AAXJ | iShares MSCI All Country Asia ex Japan ETF | 33.8% | +34 bp | +0.9% |
Risk and Returns: NUEM 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.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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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 6/3/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
6.2%
ALTAR SCORE™
32nd
PERCENTILE
UNDERWEIGHT
ETFRC RATING
There are 217 funds in the Emerging Equity category with an average
ALTAR Score™ of 7.3% and a standard deviation
of 2.2%. NUEM's ALTAR Score™ is approximately -0.5 standard
deviations above the category average. This places NUEM in the 32nd percentile
among funds in the category.
Sell-Side Consensus
$45.62
PRICE TARGET
+6.2%
UPSIDE
Bid/Ask Spreads
72 bp
AVG SPREAD
50 —
101 bp
RANGE