WisdomTree

EMXSOEWisdomTree Emerging Markets ex-State-Owned Enterprises Index

The WisdomTree Emerging Markets ex-State-Owned Enterprises Index measures the performance of emerging markets stocks that are not state owned enterprises. State owned enterprises are defined as government ownership of more than 20% of outstanding shares of companies. The index employs a modified float-adjusted market capitalization weighting process to target the weights of countries in the universe prior to the removal of state owned enterprises while also limiting sector deviations to 3% of the starting universe. The Index was established with a base value of 200 on August 15, 2014.

Bloomberg Index SymbolEMXSOE
Exchange Index Symbol-
Index Inception Date8/18/2014
Base Index Value200
Number of Components in Index1110
Current Index Value373.53
Total Return Index Closing Value461.01
Total Index Market Capitalization ($ Trillion)18.79
Index MarketCap Breakdown
Large Cap (> $10 Billion)82.82%
Mid Cap (≥ $2 Billion and ≤ $10 Billion)15.81%
Small Cap (< $2 Billion)1.37%
Dividend Yield1.58%
Price/Earnings21.81
Estimated Price/Earnings13.36
Price/Book3.11
Price/Sales2.16
Price/Cash Flow14.15
Gross Buyback Yield0.40%
Net Buyback Yield-0.02%

Industry Group Breakdown

As of 7/2/2026

NameWeight (%)
Semiconductors & Semiconductor Equipment24.28
Technology Hardware & Equipment15.76
Banks9.6
Capital Goods6.95
Materials4.79
Retailing4.65
Other4.3
Media & Entertainment4.07
Automobiles & Components2.93
Insurance2.46
Pharmaceuticals Biotechnology & Life Sciences2.28

*Sectors are subject to change without notice

Taiwan28.16%
Korea20.40%
China18.90%
India14.77%
South Africa3.55%
Saudi Arabia2.59%
Brazil2.55%
Mexico2.11%
Thailand1.28%
Poland1.13%

Definitions

  • Index Dividend Yield is a measure of the annual dividends of the shares of all Index components divided by the Index value.
  • Price/Book Ratio is a ratio used to compare a stock's market value to its book value.
  • Price/Earnings Ratio is a valuation ratio of a company's current share price compared to its per-share earnings.
  • Estimated Price/Earnings is a valuation ratio of a company's current share price compared to the consensus estimates for per-share earnings over the next 12 months.
  • Price/Cash Flow Ratio is a measure of the market's expectations of a firm's future financial health.
  • Price/Sales Ratio is a ratio for valuing a stock relative to its own past performance, other companies or the market itself.
  • Total Return Index Values assume reinvestment of dividends after the deduction of withholding taxes, which apply to non-U.S. dividends.
  • Gross Buyback Yield is the amount of a company’s gross share repurchase over the past year to its market capitalization.
  • Net Buyback Yield is the amount of a company’s net share repurchase over the past year to its market capitalization.

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EMXSOE - WisdomTree Emerging Markets ex-State-Owned Enterprises Index | WisdomTree