IShares MSCI Emerging Markets Multifactor ETF EMGF has an attractive combination of characteristics that indicate it should perform well against its MSCI Emerging Markets Index Morningstar Category benchmark over the long haul. But the strength of its factor exposures may change over time, and their influence on the fund's performance may be dwarfed by stock selection, which adds a layer of unpredictability to its performance. These considerations warrant a downgrade of its Process Pillar rating to Below Average from Average, but it retains its Morningstar Analyst Rating of Neutral.
iShares MSCI Emerging Mkts Mltfctr ETF EMGF
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will EMGF outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable EMGF’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the EMGF management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of EMGF’s parent organization’s priorities and whether they’re in line with investors’ interests.
Inconsistent factor exposures may obscure this strategy’s performance.
