NAUBF - EWA: The Case For Australia Grows

2024-06-11 13:59:31 ET

Summary

• 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.

I'm a fan of international diversification at this point in the cycle. I've made the argument before that there could be a point where China's economy bottoms out, and that time may be here. If that happens, there are positive economic knock-ons for Australia, which exports a lot of iron ore and other commodities to that country....

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