EWA Australia iShares (EWA)

[Elmer Phud]

iShares MSCI Australia Index Fund (NYSE: EWA) CASSH's commodity reputation is extended by Australia . The retreat from the risk-on trade hampered the iShares MSCI Australia Index Fund earlier this year. That is to be expected when an ETF devotes more than 22 percent of its weight to materials equities. BHP Billiton (NYSE: BHP), the world's largest mining company, is EWA''s top holding.
EWA rose moderately over the past 90 days, gaining 2.7 percent. As risk appetite has crept back into the market over the past month, EWA has surged 8.5 percent. In addition, EWA has a trailing 12-month yield of about 4.7 percent.