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.
| Segment | Equity: Pakistan - Total Market |
| Category | Size and Style |
| Focus | Total Market |
| Niche | Broad-based |
| Strategy | Vanilla |
| Weighting Scheme | Market Cap |
This section compares how balanced and deep this ETF is relative to its peers.
| PAK | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Number of Holdings | 35 | 417 | 35 |
| % of Assets in Top 10 | 59.08% | 43.65% | 59.08% |
| % of Assets in Top 15 | 79.38% | 52.82% | 79.38% |
| % of Assets in Top 50 | 100.00% | 81.29% | 100.00% |
| PAK | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Large (>12.9B) | 0.00% | 53.35% | 0.00% |
| Mid (>2.7B) | 0.00% | 30.89% | 0.00% |
| Small (>600M) | 14.13% | 9.30% | 14.13% |
| Micro (<600M) | 86.00% | 2.75% | 86.00% |
This section compares the P/E ratio of this ETF to its peers.
This section compares the dividend yield of this ETF to its peers.
| PAK | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Dividend | $ 0.34 | $ 0.60 | $ 0.34 |
| Dividend Date | 2023-06-29 | N/A | N/A |
| Annual Dividend Rate | $ 1.07 | $ 1.20 | $ 1.07 |
| Annual Dividend Yield | 8.37% | 3.41% | 8.37% |
View charts featuring PAK price and volume data.
View charts featuring ETF fund flow data.
5 Day Net Flows: -1.89 K 1 Month Net Flows: 13.52 K 3 Month Net Flows: 5.22 M 6 Month Net Flows: 9.04 M 1 Year Net Flows: 13.14 M 3 Year Net Flows: 579.99 K 5 Year Net Flows: 9.8 M 10 Year Net Flows: 74.22 MView charts that break down the influence that fund flows and price had on overall assets.
5 Day Net AUM Change: 506.38 KThe 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.
This section compares the cost efficiency of this ETF to its peers.
| Max ST Capital Gains Rate | 39.60% |
| Max LT Capital Gains Rate | 20.00% |
| Tax On Distributions | Qualified dividends |
| Distributes K1 | No |
PAK does not have an ESG score. There are no ESG themes that map to this ETF.
This section shows how this ETF has performed relative to its peers. Returns over 1 year are annualized.
| PAK |
ETF Database
Category Average |
Factset Segment
Average |
|
|---|---|---|---|
| 1 Month Return | -2.69% | 0.00% | -2.69% |
| 3 Month Return | 8.92% | -2.32% | 8.92% |
| YTD Return | -10.97% | 2.28% | -10.97% |
| 1 Year Return | -5.19% | 5.18% | -5.19% |
| 3 Year Return | -16.74% | 2.72% | -16.74% |
| 5 Year Return | -16.21% | 1.07% | -16.21% |
The following charts reflect the geographic spread of PAK's underlying holdings.
| Region | Percentage |
|---|---|
| Asia Pacific | 100.14% |
| Other | -0.14% |
| Country | Percentage |
|---|---|
| Pakistan | 100.14% |
| Other | -0.14% |
The following charts reflect the allocation of PAK's underlying holdings.
| Sector | Percentage |
|---|---|
| Energy Minerals | 22.87% |
| Process Industries | 21.42% |
| Finance | 17.29% |
| Non-Energy Minerals | 12.56% |
| Utilities | 11.13% |
| Producer Manufacturing | 4.94% |
| Technology Services | 4.57% |
| Commercial Services | 3.2% |
| Health Technology | 1.29% |
| Distribution Services | 0.5% |
| Electronic Technology | 0.37% |
| CASH | -0.14% |
| Market Cap | Percentage |
|---|---|
| Micro | 86.0% |
| Small | 14.13% |
| Mid | 0.0% |
| Large | 0.0% |
| Region | Percentage |
|---|
| Asset | Percentage |
|---|---|
| Share/Common/Ordinary | 100.14% |
| CASH | -0.14% |
| Sector | Percentage |
|---|---|
| Energy Minerals | 22.87% |
| Process Industries | 21.42% |
| Finance | 17.29% |
| Non-Energy Minerals | 12.56% |
| Utilities | 11.13% |
| Producer Manufacturing | 4.94% |
| Technology Services | 4.57% |
| Commercial Services | 3.2% |
| Health Technology | 1.29% |
| Distribution Services | 0.5% |
| Electronic Technology | 0.37% |
| CASH | -0.14% |
This section shows how the volatility of this ETF compares to the peer group ETF Database Category.
| 5 Day Volatility | 82.95% |
| 20 Day Volatility | 20.80% |
| 50 Day Volatility | 21.48% |
| 200 Day Volatility | 28.15% |
| Beta | 0.7 |
| Standard Deviation | 1.21% |
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 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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