Name of ETF: iShares MSCI Australia ETF

Benchmark Index: MSCI Australia Index

Ticker Symbol: EWA    

Key Points:

  • This ETF tracks an index that contains approximately 72 stocks representing large and mid-cap companies located throughout Australia.
  • While the ETF contains a large number of stocks they are not equally weighed. For example, at times the five highest weighted stocks have represented approximately 44 percent of the index.
  • While numerous sectors are represented, investors should take note that stocks from the financial sector have in the past represented over 50 percent of the index.
  • Investors will sometimes invest in an ETF based on Australian equities to diversify their portfolio. They may specifically choose an Australian focused ETF based on their belief in the short and/or long-term growth prospects of the Australian economy and the stocks within the index.

Related Links:

iShares Website