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South Africa ETF Surges on Hopes of Reform

South African markets and country-specific exchange traded fund rallied Monday as investors were optimistic that pro-reform candidate Cyril Ramaphosa secured victory in the ruling ANC’s leadership vote. The iShares MSCI South Africa ETF (EZA) increased 5.0% Monday and was up 25.8% year-to-date. Banks were among the best performers in South Africa’s equity market, with [...] Read more on ETFtrends.com >