PAK
Global X MSCI Pakistan ETF

Price: $25.24
Change: $0.22 (0.01%)
Last Updated:

Vitals

Brand Global X
Structure ETF
Expense Ratio 0.90%
ETF Home Page Home page
Inception Apr 22, 2015

Analyst Report

The Global X MSCI Pakistan ETF is part of the firm’s legacy line-up of country funds. While there are other country-specific ETFs out there, PAK is the only one to exclusively target Pakistani equities. The fund tracks an MSCI index of the largest and most-liquid Pakistani companies. The portfolio includes about 30 stocks of companies that are either based in Pakistan, listed on local markets or whose revenues are primarily from the country. PAK charges a relatively steep management fee for a passive fund, but investors for fast and easy exposure to Pakistan equities via a U.S.-listed fund shouldn’t be deterred by a few extra basis points in fees.


As with many country-specific funds, especially in emerging and frontier markets, liquidity can be a challenge, and large block orders could trigger price distortions in the underlying market. Investors should expect wider spreads and poor tracking.


Investors looking for broad exposure to emerging markets can find cheaper one-stop-funds like the Vanguard FTSE Emerging Markets ETF (VWO), and those seeking frontier markets might consider the iShares MSCI Frontier 100 ETF (FM), which isn’t as cheap as VWO but comes with a lower management fee than PAK.

ETF Database Themes

Asset Class Equity
Asset Class Size Large-Cap
Asset Class Style Blend
Region (General) Middle East
Region (Specific) Pakistan

FactSet Classifications

  • Segment Equity: Pakistan - Total Market
  • Category Size and Style
  • Focus Total Market
  • Niche Broad-based
  • Strategy Vanilla
  • Weighting Scheme Market Cap

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $24.05
  • 52 Week Hi $30.76
  • AUM $23.3 M
  • Shares 0.9 M

Historical Trading Data

  • 1 Month Avg. Volume 4,474
  • 3 Month Avg. Volume 3,697

Alternative ETFs in the ETF Database Asia Pacific Equities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest VPL 0.08% $5.6 B 599,783 2.28%
Largest (AUM) EWT 0.59% $7.0 B 3 M 17.39%
Most Liquid (Volume) EWH 0.51% $980.6 M 5 M 1.12%
Top YTD Performer SMIN 0.81% $365.0 M 72,379 45.51%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

PAK ETF Database Category Average FactSet Segment Average
Number of Holdings 31 332 31
% of Assets in Top 10 58.80% 43.90% 58.80%
% of Assets in Top 15 78.52% 52.29% 78.52%
% of Assets in Top 50 99.98% 78.17% 99.98%

Size Comparison

PAK ETF Database Category Average FactSet Segment Average
Large (>12.9B) 0.00% 59.89% 0.00%
Mid (>2.7B) 0.00% 28.19% 0.00%
Small (>600M) 69.11% 8.63% 69.11%
Micro (<600M) 30.89% 1.28% 30.89%

PAK Valuation

This section compares the P/E ratio of this ETF to its peers.

PAK
P/E Ratio
5.82
ETF Database Category Average
P/E Ratio
20.04
FactSet Segment Average
P/E Ratio
5.82

PAK Dividend

This section compares the dividend yield of this ETF to its peers.

PAK ETF Database Category Average FactSet Segment Average
Dividend $ 1.07 $ 0.39 $ 1.07
Dividend Date 2021-06-29 N/A N/A
Annual Dividend Rate $ 1.55 $ 0.80 $ 1.55
Annual Dividend Yield 6.12% 1.78% 6.12%

PAK Price and Volume Chart

PAK Fund Flows

View charts featuring ETF fund flow data.

5 Day Net Flows: -6.98 K 1 Month Net Flows: -5.22 K 3 Month Net Flows: -7.02 K 6 Month Net Flows: -3.96 M 1 Year Net Flows: -10.02 M 3 Year Net Flows: 117.79 K 5 Year Net Flows: 53.31 M 10 Year Net Flows: 62.26 M

PAK Price vs Flows AUM Influence

View charts that break down the influence that fund flows and price had on overall assets.

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for PAK on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the Asia Pacific Equities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity C+ n/a
Expenses C n/a
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

PAK Expenses & Fees

This section compares the cost efficiency of this ETF to its peers.

Expenses Ratio Analysis

PAK
Expense Ratio
0.90%
ETF Database Category Average
Expense Ratio
0.50%
FactSet Segment Average
Expense Ratio
0.90%

Tax Analysis

Max ST Capital Gains Rate 39.60%
Max LT Capital Gains Rate 20.00%
Tax On Distributions Qualified dividends
Distributes K1 No
ESG Themes and Scores

PAK does not have an ESG score. There are no ESG themes that map to this ETF.

PAK Performance

This section shows how this ETF has performed relative to its peers.

PAK ETF Database
Category Average
Factset Segment
Average
1 Month Return -0.61% 1.42% -0.61%
3 Month Return -12.73% 1.51% -12.73%
YTD Return -9.25% 8.08% -9.25%
1 Year Return -4.51% 24.58% -4.51%
3 Year Return -18.56% 37.04% -18.56%
5 Year Return -50.48% 34.51% -50.48%

Geographic Exposure

The following charts reflect the geographic spread of PAK's underlying holdings.

Region Percentage
Asia Pacific 99.95%
Other 0.03%
Country Percentage
Pakistan 99.95%
Other 0.03%

Holdings Analysis

The following charts reflect the allocation of PAK's underlying holdings.

Sector Percentage
Finance 26.78%
Energy Minerals 20.56%
Process Industries 17.29%
Non-Energy Minerals 13.78%
Utilities 7.49%
Commercial Services 4.68%
Producer Manufacturing 4.43%
Health Technology 2.23%
Consumer Durables 1.95%
Distribution Services 0.76%
CASH 0.03%
Market Cap Percentage
Small 69.11%
Micro 30.89%
Mid 0.0%
Large 0.0%
Region Percentage
Asset Percentage
Share/Common/Ordinary 99.95%
CASH 0.03%
Sector Percentage
Finance 26.78%
Energy Minerals 20.56%
Process Industries 17.29%
Non-Energy Minerals 13.78%
Utilities 7.49%
Commercial Services 4.68%
Producer Manufacturing 4.43%
Health Technology 2.23%
Consumer Durables 1.95%
Distribution Services 0.76%
CASH 0.03%

PAK Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETF Database Category.

5 Day Volatility
126.21%
Rank
14 of 50

20 Day Volatility
17.31%
Rank
12 of 50

50 Day Volatility
14.30%
Rank
32 of 50

200 Day Volatility
12.64%
Rank
38 of 50

Beta
1.15
Rank
1 of 49

Standard Deviation
1.62%
Rank
39 of 49

Technicals

  • 20 Day MA $24.75
  • 60 Day MA $26.39
  • MACD 15 Period 0.53
  • MACD 100 Period -2.37
  • Williams % Range 10 Day 4.56
  • Williams % Range 20 Day 11.63
  • RSI 10 Day 57
  • RSI 20 Day 46
  • RSI 30 Day 42
  • Ultimate Oscillator 64

Bollinger Bands

  • Lower Bollinger (10 Day) $24.12
  • Upper Bollinger (10 Day) $25.28
  • Lower Bollinger (20 Day) $24.18
  • Upper Bollinger (20 Day) $25.33
  • Lower Bollinger (30 Day) $23.87
  • Upper Bollinger (30 Day) $26.45

Support & Resistance

  • Support Level 1 $25.06
  • Support Level 2 $24.88
  • Resistance Level 1 $25.36
  • Resistance Level 2 $25.48

Stochastic

  • Stochastic Oscillator %D (1 Day) 71.73
  • Stochastic Oscillator %D (5 Day) 79.53
  • Stochastic Oscillator %K (1 Day) 64.28
  • Stochastic Oscillator %K (5 Day) 67.24

Financial Advisor Report

ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.

Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.

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Analyst Report Authors

ETF Database analysts have a combined 50 years in the ETF and Financial markets, covering every asset class and investment style. The team monitors new filings, new launches and new issuers to make sure we place each new ETF in the appropriate context so Financial Advisors can construct high quality portfolios.

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Copyright MSCI ESG Research LLC [2018]. All Rights Reserved. MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted, to nor received approval from, the US SEC or any other regulatory body. None of the information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. All Information is provided solely for your internal use, and may not be reproduced or redisseminated in any form without express prior written permission from MSCI. Neither MSCI ESG nor any of its affiliates or any third party involved in or related to creating any Information makes any express or implied warranties, representations or guarantees, and in no event will MSCI ESG or any such affiliate or third party have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) relating to any Information. More information on MSCI ESG Fund Metrics, provided by MSCI ESG Research LLC, can be found at https://www.msci.com/esg-fund-metrics.
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