PAK
Global X MSCI Pakistan ETF

Price: $13.23
Change: $0.07 (-0.01%)
Last Updated:

Vitals

Brand Global X
Structure ETF
Expense Ratio 0.80%
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 $11.68
  • 52 Week Hi $16.12
  • AUM $24.7 M
  • Shares 1.9 M

Historical Trading Data

  • 1 Month Avg. Volume 13,986
  • 3 Month Avg. Volume 20,469

Alternative ETFs in the ETF Database Asia Pacific Equities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest VPL 0.08% $6.4 B 381,302 4.20%
Largest (AUM) VPL 0.08% $6.4 B 381,302 4.20%
Most Liquid (Volume) EWY 0.57% $3.6 B 3 M 3.49%
Top YTD Performer SMIN 0.74% $458.5 M 88,158 21.55%

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 35 417 35
% of Assets in Top 10 59.00% 43.29% 59.00%
% of Assets in Top 15 78.85% 52.45% 78.85%
% of Assets in Top 50 100.02% 81.06% 100.02%

Size Comparison

PAK ETF Database Category Average FactSet Segment Average
Large (>12.9B) 0.00% 53.04% 0.00%
Mid (>2.7B) 0.00% 31.48% 0.00%
Small (>600M) 25.37% 9.48% 25.37%
Micro (<600M) 74.74% 2.72% 74.74%

PAK Valuation

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

PAK
P/E Ratio
3.08
ETF Database Category Average
P/E Ratio
13.79
FactSet Segment Average
P/E Ratio
3.08

PAK Dividend

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 8.18% 3.45% 8.18%

PAK Price and Volume Charts

View charts featuring PAK price and volume data.

PAK Fund Flows Charts

View charts featuring ETF fund flow data.

5 Day Net Flows: 1.84 K 1 Month Net Flows: 4.59 K 3 Month Net Flows: 3.38 M 6 Month Net Flows: 9.06 M 1 Year Net Flows: 13.14 M 3 Year Net Flows: 589.55 K 5 Year Net Flows: 9.81 M 10 Year Net Flows: 74.22 M

PAK Price vs Flows AUM Influence Charts

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

5 Day Net AUM Change: 20.58 K
1 Month Net AUM Change: 966.95 K
3 Month Net AUM Change: 4.98 M
6 Month Net AUM Change: 10.18 M
1 Year Net AUM Change: 11.01 M
3 Year Net AUM Change: -11.12 M
5 Year Net AUM Change: -19.69 M
10 Year Net AUM Change: 24.67 M

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 B- EWT
Expenses C VPL
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
0.80%
ETF Database Category Average
Expense Ratio
0.50%
FactSet Segment Average
Expense Ratio
0.80%

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. Returns over 1 year are annualized.

PAK ETF Database
Category Average
Factset Segment
Average
1 Month Return 5.17% -3.52% 5.17%
3 Month Return 1.93% -2.88% 1.93%
YTD Return -9.39% 1.37% -9.39%
1 Year Return -8.69% 10.84% -8.69%
3 Year Return -15.49% 2.58% -15.49%
5 Year Return -15.78% 1.26% -15.78%

Geographic Exposure

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

Region Percentage
Asia Pacific 100.07%
Other -0.05%
Country Percentage
Pakistan 100.07%
Other -0.05%

Holdings Analysis

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

Sector Percentage
Energy Minerals 22.83%
Process Industries 21.42%
Finance 17.08%
Non-Energy Minerals 13.12%
Utilities 11.63%
Producer Manufacturing 4.53%
Technology Services 4.2%
Commercial Services 3.15%
Health Technology 1.26%
Distribution Services 0.49%
Electronic Technology 0.36%
CASH -0.05%
Market Cap Percentage
Micro 74.74%
Small 25.37%
Large 0.0%
Mid 0.0%
Region Percentage
Asset Percentage
Share/Common/Ordinary 100.07%
CASH -0.05%
Sector Percentage
Energy Minerals 22.83%
Process Industries 21.42%
Finance 17.08%
Non-Energy Minerals 13.12%
Utilities 11.63%
Producer Manufacturing 4.53%
Technology Services 4.2%
Commercial Services 3.15%
Health Technology 1.26%
Distribution Services 0.49%
Electronic Technology 0.36%
CASH -0.05%

PAK Technicals

Volatility Analysis

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

5 Day Volatility 15.07%
20 Day Volatility 28.25%
50 Day Volatility 25.81%
200 Day Volatility 29.84%
Beta 0.7
Standard Deviation 1.21%
5 Day Volatility
15.07%
Rank
46 of 48

20 Day Volatility
28.25%
Rank
2 of 48

50 Day Volatility
25.81%
Rank
2 of 48

200 Day Volatility
29.84%
Rank
1 of 48

Beta
0.7
Rank
29 of 48

Standard Deviation
1.21%
Rank
38 of 48

Technicals

  • 20 Day MA $12.86
  • 60 Day MA $13.30
  • MACD 15 Period 0.26
  • MACD 100 Period 0.25
  • Williams % Range 10 Day 43.78
  • Williams % Range 20 Day 33.08
  • RSI 10 Day 55
  • RSI 20 Day 53
  • RSI 30 Day 52
  • Ultimate Oscillator 61

Bollinger Bands

  • Lower Bollinger (10 Day) $12.64
  • Upper Bollinger (10 Day) $13.54
  • Lower Bollinger (20 Day) $12.22
  • Upper Bollinger (20 Day) $13.46
  • Lower Bollinger (30 Day) $12.27
  • Upper Bollinger (30 Day) $13.54

Support & Resistance

  • Support Level 1 $13.05
  • Support Level 2 $12.87
  • Resistance Level 1 $13.43
  • Resistance Level 2 $13.64

Stochastic

  • Stochastic Oscillator %D (1 Day) 49.43
  • Stochastic Oscillator %D (5 Day) 61.92
  • Stochastic Oscillator %K (1 Day) 57.13
  • Stochastic Oscillator %K (5 Day) 69.47

Tradability

  • Tracking Difference Median (%) -1.32
  • Tracking Difference Max Upside (%) -0.81
  • Tracking Difference Max Downside (%) -2.18
  • Median Premium Discount (%) 1.53
  • Maximum Premium Discount (%) 12.03
  • Average Spread (%) 18.57
  • Average Spread ($) 18.57

Financial Advisor Report

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Fact Sheet

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Data Lineage

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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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