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EWA - EWA: Employment Picture Should Help Stabilize Equities
iShares MSCI Australia Index Fund
Main Thesis
The purpose of this article is to evaluate the iShares MSCI Australia ETF (EWA) as an investment option at its current market price. During my review to start the year, I recommend investors avoid this fund. While that call was good in hindsight, I am now seeing a better story out of Australia. For one, the worst of the bush-fires may be over, which will allow the government to focus more on recovery efforts, and less on containment. Two, the labor market has seen some improvement in the short-term. While unemployment