Home

ETFs and Funds Analysis

ETF Analysis

Summary

I reiterate a hold rating on the iShares MSCI Australia ETF due to limited earnings growth and a relatively rich valuation.

EWA's heavy Financial and Materials exposure leaves it lagging tech-driven markets, with a 17.5x P/E and just 5.7% long-term earnings growth.

Technical momentum is turning bullish, with a breakout above $27 and a potential upside target near $35, though resistance exists at $30-$31.

EWA offers a 2.89% yield and strong liquidity, but sector concentration and lack of tech exposure constrain upside versus the S&P 500.

Nate Hovee/iStock Editorial via Getty Images

Australia is among the many country ETFs in the red over the past month.…