|Bid||50.33 x 1100|
|Ask||0.00 x 800|
|Day's Range||0.00 - 0.00|
|52 Week Range|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||-0.93%|
|Beta (5Y Monthly)||1.24|
|Expense Ratio (net)||0.59%|
In a year in which precious metals prices are pushing higher, it would be reasonable to expect that equities in South Africa, a major producer of those commodities, would be following suit. For the most part, that hasn't been the case as the iShares MSCI South Africa ETF (NYSE: EZA) is higher by just 4.26%, less than half the 10% returned by the MSCI Emerging Markets Index. The Reserve Bank of South Africa has been cutting rates this year to prop up a flailing economy, Africa's largest, but that isn't doing much to allay credit concerns by the major ratings agencies.
South Africa country-specific ETF was among the best performers on Wednesday as the rand currency rallied to its highest in almost a week on growing optimism that the central bank could intervene to bolster the economy on the backdrop of a lower-than-expected inflation rate. The iShares MSCI South Africa ETF (EZA) rose 2.8% on Wednesday. After consumer inflation decreased more than expected, investors were betting that the Reserve Bank could cut rates again, following a 25 basis point cut to 6.5% in July, supporting companies and consumers, Reuters reports.
South Africa country-specific exchange traded funds have fallen behind global markets, but an improving political environment may be the catalyst needed to turn the economy around. Year-to-date, the iShares ...
The iShares MSCI South Africa ETF (NYSEArca: EZA), the largest exchange traded fund dedicated to Africa’s largest economy, rallied in advance of national elections there, but with some of the marquee results ...
As South Africa’s general election will be finalized and tallied in the weeks ahead, investors may find an opportunity in the country-related exchange traded fund. The iShares MSCI South Africa ETF (NYSEArca: ...
The South Africa country-specific ETF rallied Wednesday as the South African rand currency firmed below the 14.00 level for the first time in six weeks while the weaker U.S. dollar fueled investor demand for developing markets. Among the best performing non-leveraged ETFs of Wednesday, the iShares MSCI South Africa ETF (EZA) increased 3.0%. Meanwhile, the South African rand appreciated 1.3% to ZAR13.91 against the U.S. dollar.
Palladium has been staging record highs for the better part of the last seven months, outstripping even the most bullish forecasts made during 2018 as a supply squeeze inflated the metal’s price.
Transport equities have rebounded of late as the asset category is trading at the lowest valuation in a long time. The advance earned transport stocks the first place in the list and were followed by bonds, which saw falling yields lately as risks to the global economy increased. Africa equities took the middle spot and were followed by the European shared currency, which was hit by a strong dollar and a dovish European Central Bank. Silver closes the list. Check our previous trends edition at Trending: Palladium Shoots up on Supply Shortages and Strike Fears.
The iShares MSCI South Africa ETF (NYSE: EZA), the largest exchange traded fund dedicated to stocks in Africa's largest economy, is up about 6 percent this year. To be precise, EZA is up 6.05 percent year to date, but the South Africa ETF is trailing the MSCI Emerging Markets Index, of which South Africa is 5.95 percent, by more than 300 basis points. South Africa is the world's largest producer of platinum and the second-largest palladium-producing country.
Palladium prices skyrocketed to new record levels as strike jitters in South Africa added to a tense market engulfed by a sustained supply deficit.
The South African economy received a boon last week from its largest trade partner, China, as authorities in Beijing promised to implement monetary and fiscal stimulus. In the U.S., despite the three-week funding deal announced last Friday, airlines were brought to the very edge by the longest government shutdown in history. FAANGs caught this week’s podium with earning releases while worries regarding the slowdown in global economic activity and uncertainties over Sino-U.S. relations took a toll on the U.S. dollar. Finally, investors took interest in leveraged bets on commodities as oil surged after U.S. slapped fresh sanctions on Venezuela. Check out our previous trends edition at Trending: Investors Turn to Dividend Aristocrats Amid Market Volatility.
The stock market, like any other market, is simply the sum of all transactions for shares of publicly listed companies, millions of which are conducted every day. Hour by hour, minute by minute, Benjamin Graham's voting machine is hard at work as market participants express their opinions regarding a company's future prospects through the price at which its shares transact. A company's share price resulting from this system, when multiplied by total shares outstanding, forms its market capitalization.
In 2000, Africa was labeled “The Hopeless Continent” by The Economist. In 2011, the cover read “Africa Rising.” What has changed for investors?