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
$ 419.7 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 | 17.2 % |
| SK HYNIX INC | 6.3 % |
| TENCENT HOLDINGS LTD | 2.9 % |
| CHINA CONSTRUCTION BANK-H | 2.5 % |
| IND & COMM BK OF CHINA - H | 1.9 % |
| CATHAY FINANCIAL HOLDING CO | 1.9 % |
| DELTA ELECTRONICS INC | 1.8 % |
| SK SQUARE CO., LTD. | 1.7 % |
| SAMSUNG SDI CO LTD | 1.7 % |
| UNITED MICROELECTRONICS CORP | 1.7 % |
Constituent Breakdown
| Number of holdings | 187 |
| Herfindahl-Hirschman Index | 397 |
| Wgt avg mkt cap (mns) | $453,740 |
| Large cap (>$10bn) | 85.2% |
| Mid cap ($2-10bn) | 7.7% |
| Small cap (<$2bn) | 0.7% |
| Developed mkts. | 1.9% |
| Emerging mkts. | 92.9% |
Sector Breakdown
Country Exposure
 |
TAIWAN | 28.3 % |
 |
CHINA | 20.5 % |
 |
SOUTH KOREA | 17.5 % |
 |
INDIA | 10.7 % |
 |
BRAZIL | 3.3 % |
 |
SAUDI ARABIA | 2.7 % |
 |
SOUTH AFRICA | 2.1 % |
 |
POLAND | 1.6 % |
 |
HONG KONG | 1.5 % |
 |
MEXICO | 1.2 % |
Historical Performance
Standardized Performance (as of 09/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 19.7% | 19.3% | 17.2% | 17.6% | 4.7% | -- | -- | 5.8% |
| Dividend Yield | 0.0% | 4.4% | 3.3% | 3.2% | 2.6% | -- | -- | 2.1% |
| Total Returns | 19.7% | 23.7% | 20.4% | 20.7% | 7.3% | -- | -- | 7.9% | Ann. Volatility | 26.0% | 23.5% | 21.0% | 20.8% | 20.5% | -- | -- | 20.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.39 | 58% |
| MSCI EAFE | 1.16 | 62% |
| MSCI Emg Mkts | 0.89 | 94% |
Liquidity Measures
| Avg. volume (000) | 56 |
| ADV traded (mns) | $2 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.76% |
Technical Indicators
| 30d moving avg. (EMA) | $40.52 |
| Relative strength (RSI) | 39 |
| MACD/Signal | -0.95/-0.82 |
| Bollinger Bands (Upper/Lower) | $42.82/$37.55 |
| 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 | 46.1% | -20 bp | +6.4% |
| ESGE | iShares ESG Aware MSCI EM ETF | 45.0% | -11 bp | +2.6% |
| EEMX | SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF | 42.2% | -6 bp | +2.9% |
| EMXF | iShares ESG Advanced MSCI EM ETF | 40.8% | -20 bp | +1.2% |
| AIA | iShares Asia 50 ETF | 40.6% | +14 bp | +5.4% |
| EEM | iShares MSCI Emerging Markets ETF | 39.6% | +36 bp | +2.5% |
| EMCS | Xtrackers MSCI Emerging Markets Select ETF | 39.6% | -21 bp | +4.0% |
| AAXJ | iShares MSCI All Country Asia ex Japan ETF | 39.5% | +36 bp | +2.0% |
| HEEM | iShares Currency Hedged MSCI Emerging Markets ETF | 39.4% | +115 bp | +1.7% |
| EEMA | iShares MSCI Emerging Markets Asia ETF | 38.9% | +13 bp | +2.7% |
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 11/6/2026
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
7.0%
ALTAR SCORE™
29th
PERCENTILE
UNDERWEIGHT
ETFRC RATING
There are 211 funds in the Emerging Equity category with an average
ALTAR Score™ of 8.3% and a standard deviation
of 2.4%. NUEM's ALTAR Score™ is approximately -0.6 standard
deviations above the category average. This places NUEM in the 29th percentile
among funds in the category.
Sell-Side Consensus
$51.02
PRICE TARGET
+39.4%
UPSIDE
Bid/Ask Spreads
76 bp
AVG SPREAD
46 —
116 bp
RANGE