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. While I have not covered broad Australian-focused funds before, I have written about the Australian banking sector for years, often recommending the major banks primarily for income-oriented plays. As U.S. markets continue to push higher, I have been looking outside of America for value, and decided to review EWA because I follow Australia's economy closely. While Australia closes in on almost thirty years without experiencing a recession, investors