According to the Yahoo! summary this fund "generally invests at least 95% of assets in the securities of the underlying index and in depositary receipts representing securities in the underlying index." With that in mind, can anyone explain why the top ten holdings for this "South African" etf include: - Vail resorts;ski resort operator in US(11.5%) - Renesol;Chinese solar wafer/producer(9.61%) - Renesol;Chinese solar wafer/producer(9.34%); not an oversight. Two different lots of common shares in co totalling 18.95% of holdings?!!! - Swedish Export Credit Corporation; maybe providing financing for S.A. exports, but co. is not a S.A. business(7%) - Nuveen Penn. Muni Fund; Pennsylvania Munis (6.79%) - Nuveen Penn. Muni Fund; Pennsylvania Munis (6.65%)again, not an oversight - two different lots of fund shares totalling 13.4% of holdings?!!! Pennsylvania Munis. REALLY?
Is there a fund anywhere that actually invests in businesses in African countries? Looked at GAF and they have basically the same portfolio as EZA, though EZA claims to be Lrg gro style, where GAF states Med gro style???????
Yahoo didn't screw up. I checked the link you gave and 9 of the top 10 holdings have nothing to do with Africa. I was going to buy this etf because I thought it was So. Africa businesses. This is a crock and false adv. I don't understand MSCI doing this.