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EWA: I See Some Value 'Down Under' In 2024 (Rating Upgrade)
I am upgrading my outlook on the iShares MSCI Australia ETF to "buy" for a number of reasons. Gains in US markets are becoming increasingly concentrated in a few stocks, leading me to look for opportunities outside of the US market. The Australian consumer is in decent shape, and Australian banks are poised to collect high amounts of interest this calendar year.
EWA: Don't Want The Banks
iShares MSCI Australia ETF is rather above average in terms of expense ratios. Moreover, markets seem to broadly apply steep multiples to non-mining exposures in Australia, particularly financials. Since mining is what interests us in this ETF, we forego taking on what we think are too expensive exposures in non-mining sectors in Australia in favor of select picks.
What's The Argument For Looking Outside The U.S. In 2024?
US equities have been dominated by a handful of stocks, highlighting the need for diversification. US stocks and bonds have been positively correlated, making it challenging to hedge equity risks.
EWA: Extended Monetary Tightening Looms Large In Australia
Australian stocks have underperformed this year. Unlike its developed market peers, however, Australia's rate hike cycle is far from over. Ahead of a challenging year ahead, market pricing seems far too optimistic at these levels.
Australia: Inflation Back On The Rise
While this is mostly down to less helpful base effects, international energy prices and excise duty hikes, it is not safe to conclude that the RBA rate cycle has peaked. At 5.2% YoY, the August inflation figures were bang in line with expectations.
The Rugby World Cup starts this week. But who would be the investment winners?
The Rugby Union World Cup starts in France on September 8. Prepare for several weeks of sweaty scrums, rambunctious rucks and muscular mauls.
EWA ETF: Wait On The Sidelines
iShares MSCI Australia ETF has had a disappointing year, down -2% YTD compared to the positive returns of the Vanguard FTSE Developed Markets ETF. The macro backdrop for Australian equities is uncertain, with GDP growth slowing and household spending declining. The asset quality of Aussie banks will likely worsen on account of a substantial rollover of low-cost fixed rate mortgages over the next two years.
Looking to Bet On Perfect AAA Credit Ratings? Play These ETFs
In light of Fitch Ratings' downgrade of U.S. credit, investors might be interested in identifying companies and countries that still hold the desirable 'AAA' credit rating.
The Economics Of Immigration: The U.K. Vs. Australia And Canada
Australia and Canada are experiencing a surge in population growth, while growth rates have slowed substantially in the UK due to post-Brexit frictions. The robust population growth is allowing Australia and Canada to generate stronger jobs gains without causing a tighter labor markets and strong wage growth.
Advanced Health Intelligence stock rockets nearly 500% on massive volume, with no news reported
The U.S.-listed hares of Advanced Health Intelligence Ltd. AHI, +461.26% blasted nearly six-fold higher on massive volume in midday trading Friday, despite no news released by the Australia-based provider of personalized health care services to smartphone users.
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What is iShares MSCI Australia ETF stock symbol ?
iShares MSCI Australia ETF is a US stock and trading under the symbol EWA
Is iShares MSCI Australia ETF buy or a sell ?