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BBAX - AI Analysis
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JPMorgan BetaBuilders Developed Asia ex-Japan ETF (BBAX)
Rating:66Neutral
Price Target:
$61.00
Positive Factors
Strong Top Holdings
Several of the largest positions, such as Hong Kong Exchanges & Clearing and ANZ Group Holdings, have delivered strong year-to-date performance, supporting the ETF’s overall returns.
Low Expense Ratio
The ETF has a very low expense ratio compared to industry averages, making it a cost-effective option for investors.
Geographic Diversification in Asia-Pacific
The fund provides exposure to developed markets in Asia-Pacific, including Australia, Hong Kong, and Singapore, which can benefit from regional economic growth.
Negative Factors
Sector Concentration in Financials
Nearly half of the ETF’s portfolio is allocated to the financial sector, which increases vulnerability to sector-specific risks.
Weak Performance in Some Holdings
Certain holdings, such as CSL, have underperformed year-to-date, which could drag on overall returns.
Minimal Exposure Outside Asia-Pacific
The ETF has very limited exposure to markets outside Asia-Pacific, offering little diversification against global economic shifts.
BBAX vs. SPDR S&P 500 ETF (SPY)
AUM5.57B
RegionAsia-Pacific
Expense Ratio0.19%
Beta0.74
IssuerJPMorgan
Inception DateAug 07, 2018
Dividend Yield3.56%
Asset ClassEquity
Index TrackedMorningstar Developed Asia Pacific ex-Japan Target Market Exposure Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume209,732
30 Day Avg. Volume199,271
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
59.57Price Target Upside― Downside
Rating ConsensusHold
Number of Analyst Covering99
BBAX Summary
The JPMorgan BetaBuilders Developed Asia ex-Japan ETF (BBAX) is an investment fund that focuses on developed markets in Asia, excluding Japan. It tracks the Morningstar Developed Asia Pacific ex-Japan Target Market Exposure Index and includes companies from countries like Australia, Hong Kong, and Singapore. Some well-known companies in this ETF are Commonwealth Bank of Australia and BHP Group Ltd. BBAX offers a way to diversify your portfolio and invest in the growth of stable, developed Asian economies. However, it is heavily weighted toward financial companies, which means its performance could be impacted by changes in the financial sector.
How much will it cost me?The expense ratio for the JPMorgan BetaBuilders Developed Asia ex-Japan ETF (BBAX) is 0.19%, which means you’ll pay $1.90 per year for every $1,000 invested. This is lower than average because BBAX is passively managed, tracking an index rather than relying on active stock picking.
What would affect this ETF?BBAX could benefit from economic growth in developed Asia-Pacific countries like Australia and Singapore, especially if sectors like financials and materials, which dominate its holdings, perform well. However, challenges such as rising interest rates or regulatory changes in these regions could negatively impact financial institutions and real estate, which are significant components of the ETF. Global economic uncertainty or trade tensions could also affect the ETF's performance given its exposure to export-driven economies.
BBAX Top 10 Holdings
BBAX leans heavily on financials, with names like Commonwealth Bank of Australia and Westpac Banking driving steady gains thanks to strong dividend yields and operational efficiency. ANZ Group Holdings is also rising, benefiting from robust financial health and stability. However, the fund’s exposure to materials, including BHP Group, has been a drag recently due to bearish momentum in commodity markets. Real estate and healthcare holdings like CSL show mixed signals, with competitive pressures weighing on performance. Overall, the ETF’s focus on developed Asia-Pacific markets provides a stable yet sector-concentrated play on regional growth.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Commonwealth Bank of Australia | 9.31% | $514.40M | AU$284.87B | 20.70% | 69 Neutral | |
| BHP Group Ltd | 6.65% | $367.17M | AU$222.86B | 2.74% | 68 Neutral | |
| AIA Group | 4.77% | $263.78M | HK$781.35B | 19.23% | 70 Outperform | |
| Westpac Banking | 4.33% | $239.07M | AU$130.80B | 27.19% | 69 Neutral | |
| National Australia Bank Limited | 4.32% | $238.60M | AU$132.68B | 13.67% | 64 Neutral | |
| DBS Group Holdings | 4.15% | $229.15M | S$152.28B | 34.09% | 78 Outperform | |
| ANZ Group Holdings | 3.59% | $198.49M | AU$110.08B | 18.49% | 76 Outperform | |
| CSL | 3.41% | $188.24M | AU$82.85B | -42.31% | 75 Outperform | |
| Wesfarmers Limited | 3.38% | $186.74M | AU$105.15B | 37.08% | 70 Outperform | |
| Hong Kong Exchanges & Clearing | 3.25% | $179.35M | HK$547.17B | 33.36% | 69 Neutral |
BBAX Technical Analysis
Positive
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Price Trends
56.29
Positive
55.26
Positive
52.03
Positive
Market Momentum
0.20
Negative
52.73
Neutral
81.82
Negative
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For BBAX, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 56.46, equal to the 50-day MA of 56.29, and equal to the 200-day MA of 52.03, indicating a bullish trend. The MACD of 0.20 indicates Negative momentum. The RSI at 52.73 is Neutral, neither overbought nor oversold. The STOCH value of 81.82 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BBAX.
BBAX Peer Comparison
Comparison Results
Performance Comparison
BBAX
JPMorgan BetaBuilders Developed Asia ex-Japan ETF
56.66
7.80
15.96%
INDA
iShares MSCI India ETF
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VPL
Vanguard FTSE Pacific ETF
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MCHI
iShares MSCI China ETF
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DXJ
WisdomTree Japan Hedged Equity Fund
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EPP
iShares MSCI Pacific ex-Japan ETF
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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