SPDR S&P Emerging Markets Small Cap ETF

$EWX · State Street · tracks S&P Emerging Markets Under USD2 Billion Index · since 2008

Dividend yield

2.54%

Expense ratio

0.65%

Assets

$0.6B

Weighted P/E

12.6x

About EWX

Targets small-cap emerging-market companies under ~$2B in market cap, an under-owned segment with deeper exposure to local economies than mega-cap-heavy EM funds.

Top holdings

Shriram Finance$SF Oberoi Realty$OBER Vedanta Ltd.$VEDL Arch Capital (Indian unit)$ARCH Havells India$HAVL Life Insurance Corp. (small wt.)$LICI Prestige Estates$PRES Persistent Systems$PERS MGM China Holdings$MGM Reliance Industries (sub-position)$RIL

Sector exposure

Industrials18.6%
Consumer Discretionary16.4%
Financials14.8%
Materials12.6%
Technology10.8%
Real Estate8.4%
Healthcare6.8%
Other11.6%

How StockWorthy analyses EWX

ETFs hold companies rather than generating cash flow themselves, so EWX is assessed on cost, income and the valuation of what it owns: the expense ratio, the current yield against its own 2.38% long-run average, and a holdings-weighted P/E and growth rate built from the underlying positions. Figures are educational and not investment advice.