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Market Cap, Expense Ratio, and Dividend Yield for Asian, Japanese, and Chinese ETFs/CEFs

Posted June 3rd, 2007 by Michael J Bomma...

NB: The original market cap values were very wrong, thanks to order of magnitude errors in E*Trade's data.  Thanks to Steven Towns for the corrections.

    Though the number of competing ETFs in the market has been increasing dramatically, broadly profitable market conditions have kept adverse conditions from weeding many out.  Though the crude contango complaints that have surfaced in the past few months may represent a thread that will be common in the coming years, most sectors do not seem to currently face this level of criticism.

    In analyzing CEF and ETF options for investment in Asia, Japan, and China, there are a number of trends I spot.

  1. Japan funds have on average more than twice the market cap of either China or Asia funds.
  2. Asia funds have on average more than twice the dividend yield of either China or Japan funds.
  3. China funds have the highest average expense ratios, while Asia funds have the lowest.

    All in all, I have a relatively hard time rationalizing specific country exposure when the broad Asia funds seem to have a number of advantages in management costs and obvious increase in geographic diversification.

    The full tables I used are below.

Asia

Symbol Expense Dividend Cap
VPL 0.18% 2.07% 1.2 M
ADRA 0.30% 1.28% 132 M
DND 0.48% 0.54% 110 M
EPP 0.50% 3.57% 3.4 B
DNH 0.58% 0.72% 124 M
APB   1.96% 248 K

Japan

Symbol Expense Dividend Cap
DXJ 0.48% 0.37% 51 M
JPP 0.51% 0.00% 275 K
EWJ 0.54% 0.68% 14.1 B
JSC 0.56% 0.23% 150 K
DFJ 0.58% 0.10% 88 M
DNL 0.58% 0.58% 94 M
JEQ   1.03% 127 K
JOF   3.15% 249 K

China

Symbol Expense Dividend Cap
PGJ 0.60% 0.10% 432 K
GXC 0.60% 0.00% 30 K
FXI 0.74% 1.14% 5 B
TFC   0.00% 116 K
CHN   0.83% 523 K
GCH   1.81% 420 K
JFC   0.16% 97 K