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EWA - EWA: Recent Developments Tell Me There Is Limited Upside
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 last year of the Australian economy, I was not entirely optimistic, but I did see some bright spots that could have warranted an investment. Specifically, the Reserve Bank of Australia ((RBA)) was cutting interest rates, property values (residential and commercial) were rising, and the dividend stream offered by EWA exceeded 5%. However, I saw multiple headwinds on the horizon, and recommended caution.