WBC - iShares MSCI Australia ETF: Macro Outlook 2019
iShares MSCI Australia ETF (NYSE:EWA) is the largest Australia country-specific, exchange-traded product traded on a U.S. exchange with about $1.1 billion in assets. The fund is fairly diversified, especially compared to some of the other iShares MSCI country ETFs. Aside from a couple of globally recognizable mining names like BHP (NYSE:BHP) and Rio Tinto Ltd (NYSE:RIO), each with a 7.5% and a 2.5% weighting, respectively, only 16% of the fund total is energy and mining. Financial Services is the most concentrated sector at 38% of the ETF, including money