Topic: How To Invest

ISHARES MSCI AUSTRALIA ETF $18.19 – New York symbol EWA

ISHARES MSCI AUSTRALIA ETF $18.19 (New York symbol EWA; buy or sell through brokers) is an ETF that holds the 71 largest Australian stocks.

The fund’s top holdings include Commonwealth Bank of Australia, 11.3%; Westpac Banking Corp., 8.6%; National Australia Bank, 7.2%; BHP Billiton, 7.2%; Australia and New Zealand Banking Group, 6.9%; Wesfarmers, 4.1%; and CSL Ltd., 3.9%.

The iShares MSCI Australia ETF was launched on March 12, 1996. It has a 0.48% expense ratio.

Australia benefits from its stable banking and political systems and is rich in natural resources. Low commodity prices have hurt the country’s economy, but its proximity to Asian markets with vast potential, including India and China, gives it strong long-term prospects.

iShares MSCI Australia ETF is a buy

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