BBAX - ETF AI Analysis

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JPMorgan BetaBuilders Developed Asia ex-Japan ETF (BBAX)

Rating:66Neutral

Price Target:―

The JPMorgan BetaBuilders Developed Asia ex-Japan ETF (BBAX) has a solid overall rating, reflecting a mix of strong financial performance and strategic growth among its top holdings. DBS Group Holdings stands out as a key contributor due to its robust profitability, effective management of interest rate impacts, and favorable valuation. However, holdings like Commonwealth Bank of Australia and National Australia Bank face challenges such as high leverage and declining profitability, which may slightly weigh on the ETF's rating. A notable risk is the concentration in financial institutions, which could expose the fund to sector-specific volatility.

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)

AUM5.46B

RegionAsia-Pacific

Expense Ratio0.19%

Beta0.73

IssuerJPMorgan

Inception DateAug 07, 2018

Dividend Yield3.62%

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. Volume193,566

30 Day Avg. Volume205,749

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

59.41

Price Target Upside― Downside

Rating ConsensusHold

Number of Analyst Covering95

EPS Forecast (FY)N/A

Revenue Forecast (FY)N/A

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 DBS Group Holdings playing key roles. While DBS has shown steady gains, Commonwealth Bank is losing steam, dragging on performance. Materials giant BHP Group is a bright spot, rising on strong profitability and dividends, while AIA Group’s steady growth in key markets adds stability. However, healthcare player CSL is lagging, weighed down by competition and challenges in the U.S. market. The fund’s focus on developed Asia-Pacific markets provides a balanced mix of sectors, but financials dominate the narrative.

Name	Company Name	Weight %	Market Value	Market Cap	Yearly Gain	Overall Rating
CBA	Commonwealth Bank of Australia	8.54%	$464.94M	AU$254.97B	-3.83%	64 Neutral
BHP	BHP Group Ltd	6.73%	$366.35M	AU$211.59B	-2.40%	68 Neutral
1299	AIA Group	5.53%	$301.36M	HK$844.19B	40.00%	72 Outperform
WBC	Westpac Banking	4.33%	$235.55M	AU$128.41B	10.91%	69 Neutral
D05	DBS Group Holdings	4.31%	$234.54M	S$153.70B	29.01%	78 Outperform
NAB	National Australia Bank Limited	4.12%	$224.51M	AU$122.50B	12.15%	64 Neutral
ANZ	ANZ Group Holdings	3.50%	$190.43M	AU$103.20B	17.04%	76 Outperform
0388	Hong Kong Exchanges & Clearing	3.24%	$176.17M	HK$520.09B	34.43%	69 Neutral
WES	Wesfarmers Limited	3.06%	$166.43M	AU$92.89B	14.57%	68 Neutral
CSL	CSL	2.93%	$159.71M	AU$90.38B	-36.15%	75 Outperform

BBAX Technical Analysis

Technical Analysis Sentiment

Positive

Last Price―

Price Trends

50DMA

56.05

Negative

100DMA

55.75

Negative

200DMA

52.79

Positive

Market Momentum

MACD

-0.33

Positive

RSI

49.66

Neutral

STOCH

75.73

Neutral

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 55.68, equal to the 50-day MA of 56.05, and equal to the 200-day MA of 52.79, indicating a neutral trend. The MACD of -0.33 indicates Positive momentum. The RSI at 49.66 is Neutral, neither overbought nor oversold. The STOCH value of 75.73 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BBAX.

BBAX Peer Comparison

Comparison Results

Name	Price	Price Target	AUM	Expense Ratio	Overall Rating
BBAX	―	―	$5.46B	0.19%	―
INDA	―	―	$9.58B	0.62%	―
VPL	―	―	$8.36B	0.07%	―
MCHI	―	―	$7.96B	0.59%	―
DXJ	―	―	$4.79B	0.48%	―
EPP	―	―	$1.72B	0.48%	―

Performance Comparison

BBAX

JPMorgan BetaBuilders Developed Asia ex-Japan ETF

55.64

5.45

10.86%

INDA

iShares MSCI India ETF

―

VPL

Vanguard FTSE Pacific ETF

―

MCHI

iShares MSCI China ETF

―

DXJ

WisdomTree Japan Hedged Equity Fund

―

EPP

iShares MSCI Pacific ex-Japan ETF

―

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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