iShares MSCI Australia ETF
EWA

$26.14

0.23%

Market Cap: $1.42B

0

Funds holding %

of 6,710 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

1,924% more call options, than puts

Call options by funds: $33.2M | Put options by funds: $1.64M

5.75% more ownership

Funds ownership: 46.03% [Q1] → 51.78% (+5.75%) [Q2]

2% less repeat investments, than reductions

Existing positions increased: 46 | Existing positions reduced: 47

5% less capital invested

Capital invested by funds: $872M [Q1] → $831M (-$41.6M) [Q2]

11% less funds holding

Funds holding: 177 [Q1] → 157 (-20) [Q2]

53% less first-time investments, than exits

New positions opened: 18 | Existing positions closed: 38

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Research analyst outlook

We haven’t received any recent analyst ratings for EWA.

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Financial journalist opinion

Highest And Lowest Country ETF Dividend Yields

US equities have outperformed the rest of the world for a long time now. While the US is up 58% on a total return basis during the current bull market, the rest of the world is up 13.5 percentage points less at +44.5%. Looking at the international dividend ETF over a longer time frame, over the last five years, it's up 20.6% in price and more than double that on a total return basis.

Highest And Lowest Country ETF Dividend Yields

EWA: Growth Outlook Not Bright In Australia

iShares MSCI Australia ETF has underperformed, with a 0% price return over the past 3 years and a total return of only 15.7%. EWA's high exposure to the materials sector and low exposure to technology result in low-single digit earnings growth forecasts for the coming years. The fund's current forward P/E ratio of 17.5x is on the high end, making it expensive relative to its historical valuation range.

EWA: Growth Outlook Not Bright In Australia

EWA: The Case For Australia Grows

iShares MSCI Australia ETF provides targeted exposure to the Australian equities market, with a focus on large- and mid-cap companies. The EWA fund's top holdings include BHP Group, Commonwealth Bank of Australia, CSL Ltd., National Australia Bank, and Westpac Banking Corporation. EWA offers a straightforward and low-cost way for investors to access the Australian equity market, but it has a significant concentration in the financial sector and may lack diversification benefits for those already exposed to the Asia-Pacific region.

EWA: The Case For Australia Grows

EWA: Anemic Growth And Inflation Challenges Warrant Caution

EWA offers exposure to Australian large- and mid-caps, with a tilt toward financials and materials, resulting in a more comfortable P/E than that of the S&P 500. The issue is that Australia's economic growth is anemic, while inflation might require more action from the RBA. All these do not look bullish for stocks. EWA's past performance leaves a lot to be desired, with the 2010s and 2020s being especially challenging as it trailed SPY, delivering higher volatility.

EWA: Anemic Growth And Inflation Challenges Warrant Caution

EM Election Madness

Equities here in the US have gotten off to a weak start this month, with the S&P 500 down modestly over the past couple of sessions. The US-traded ETF that tracks Mexican stocks is down 8.3% month-to-date and 12.3% year-to-date.

EM Election Madness

EWA: Not Ready To Hop Down Under Just Yet

The iShares MSCI Australia ETF offers exposure to the Australian equities market across 73 holdings, concentrated in the financials and basic materials sectors. Australia's growing strategic significance in the shifting geopolitical landscape, coupled with a solid macro foundation make it a potential investment opportunity. EWA offers diversification benefits and an attractive dividend profile, but current valuations and macro headwinds suggest a hold rating for now.

EWA: Not Ready To Hop Down Under Just Yet

Australian Employment Surges In February

February's employment showed a large rise, driven by a hefty increase in full-time jobs and a sharp fall in the unemployment rate to 3.7%.

Australian Employment Surges In February

Asia-Pacific Is Not Just China

While the China macro story of ongoing transition is a headwind to the rest of Asia, there is more to the region's economic health than this.

Asia-Pacific Is Not Just China

EWA: I See Some Value 'Down Under' In 2024 (Rating Upgrade)

I am upgrading my outlook on the iShares MSCI Australia ETF to "buy" for a number of reasons. Gains in US markets are becoming increasingly concentrated in a few stocks, leading me to look for opportunities outside of the US market. The Australian consumer is in decent shape, and Australian banks are poised to collect high amounts of interest this calendar year.

EWA: I See Some Value 'Down Under' In 2024 (Rating Upgrade)

EWA: Don't Want The Banks

iShares MSCI Australia ETF is rather above average in terms of expense ratios. Moreover, markets seem to broadly apply steep multiples to non-mining exposures in Australia, particularly financials. Since mining is what interests us in this ETF, we forego taking on what we think are too expensive exposures in non-mining sectors in Australia in favor of select picks.

EWA: Don't Want The Banks

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