Nuvn PA Mun Val Shs of Benef Interest

Fisker

IQ Real Return ETF

Gold Fields Ltd.

Sotheby's

Asbury Automotive Group

Vail Resorts

Discovery Limited

Celestica

iShares MSCI South Africa ETF

EZA tracks the performance of a market-cap-weighted index of South African stocks. It captures 85% of the publicly available market, excluding all small-caps.

iShares MSCI Norway ETF

iShares MSCI Australia ETF

iShares MSCI Canada ETF

iShares MSCI Sweden ETF

iShares MSCI Germany ETF

iShares MSCI Hong Kong ETF

iShares MSCI Italy ETF

iShares MSCI Japan ETF

iShares MSCI Switzerland ETF

iShares MSCI Malaysia ETF

iShares MSCI Spain ETF

iShares MSCI France ETF

iShares MSCI Singapore ETF

iShares MSCI Taiwan ETF

iShares MSCI United Kingdom ETF

iShares MSCI Mexico ETF

iShares MSCI South Korea ETF

iShares MSCI Brazil ETF

Industrea Acquisition

iShares MSCI China ETF

SPDR S&P 500 ETF Trust

Shanghai CSI 300 has gone from a 52-week low to a 52-week high in only a couple of weeks. Other than China and Hong Kong, Australia is the only other international market starting the week at a 52-week high.

China Outperforms The Rest Of The World

Global X MSCI Argentina ETF

SPDR MSCI ACWI ex-US ETF

iShares MSCI Chile ETF

iShares MSCI Denmark ETF

iShares MSCI Finland ETF

iShares MSCI Indonesia ETF

iShares MSCI Ireland ETF

iShares MSCI Israel ETF

iShares MSCI New Zealand ETF

iShares MSCI Philippines ETF

iShares MSCI Poland ETF

iShares MSCI Peru ETF

iShares MSCI Belgium ETF

iShares MSCI Austria ETF

Global X MSCI Greece ETF

iShares MSCI India ETF

iShares MSCI Saudi Arabia ETF

iShares MSCI Thailand ETF

iShares MSCI Turkey ETF

Global X MSCI Vietnam ETF

US equities have outperformed the rest of the world for a long time now. While the US is up 58% on a total return basis during the current bull market, the rest of the world is up 13.5 percentage points less at +44.5%. Looking at the international dividend ETF over a longer time frame, over the last five years, it's up 20.6% in price and more than double that on a total return basis.

Highest And Lowest Country ETF Dividend Yields

The iShares MSCI South Africa ETF has surged over 15% in six months due to a favorable election result and a potential regional interest rate pivot. Despite improved investor sentiment, I'm cautiously optimistic about South Africa's new government. Moreover, cyclical economic challenges have emerged. EZA ETF's portfolio appears concentrated, raising concerns about its cyclical performance and exposure to geopolitical risks.

EZA: Overreaction To GNU Government And Lower Inflation

iShares MSCI Emerging Markets ETF

Vanguard FTSE Emerging Markets ETF

As U.S. interest rates remain elevated and the dollar continues its strong run for much of 2024, emerging market equities have still delivered impressive performances. While trailing behind the S&P 500, the iShares MSCI Emerging Markets ETF NYSE: EEM has climbed 5.7% year-to-date.

Top 3 Emerging Market ETFs to Watch as the U.S. Dollar Weakens

VanEck Vectors Africa Index ETF

Inverse Cramer Tracker ETF

First Trust Cloud Computing ETF

ETFs have exploded in popularity over the last decade, accelerating rapidly since the so-called ETF rule arrived in 2019. All kinds of thematic ETFs have emerged for investors to consider.

The Forgotten Frontier? Revisiting Africa ETFs

South Africa is perceived as corrupt and dangerous, but the country also has excellent demographics, strong geography, and a considerable existing capital base. SA's equity market is heavily discounted vs. other global markets as a result of poor economic performance, but as the political winds shift, this may change. We see the recent election result as a strong indication that the country is on the way to righting itself.

The Investment Case For South Africa: EZA Is The Ultimate 'Buy Low' Opportunity

Impala Platinum Holdings Ltd

Still, there's a long way to go as the country tries to end corruption, dysfunction, and high unemployment with a coalition government. Bond yields are down and stocks are up.

South African Stocks Show Life After an Election and Power-Grid Fixes

iShares MSCI South Africa ETF (EZA) provides easy access to South African equities, tracking the MSCI South Africa 25/50 Index. The fund has a concentrated portfolio, with top holdings in companies like Naspers Limited and FirstRand Limited. EZA outperforms the VanEck Africa Index ETF (AFK) and offers exposure to South Africa's resource-heavy economy, despite potential risks like political instability.

EZA: Resource Rich And Under The Radar

WisdomTree India Earnings Fund

Franklin FTSE Taiwan ETF

iShares China Large-Cap ETF

International economies have returned much lesser than the U.S. market. Still, these country ETFs gained more than 10% in the past three months.

5 Best Country ETFs of Q2

Sonicshares Global Shipping ETF

AdvisorShares Pure US Cannabis ETF

Aberdeen Standard Physical Palladium Shares ETF 

Wall Street was moderately upbeat last week. Notably, NVIDIA stock hit a record but eventually succumbed to a slowdown due to profit booking.

4 Top-Performing ETF Areas of Last Week

South Africa is renowned for its developed and diversified mining industry. With this in mind, we put the South Africa ETF (EZA) on our trading radar.

South Africa ETF (EZA) Rally: Are Higher Prices On The Way?

Equities here in the US have gotten off to a weak start this month, with the S&P 500 down modestly over the past couple of sessions. The US-traded ETF that tracks Mexican stocks is down 8.3% month-to-date and 12.3% year-to-date.

EM Election Madness

The iShares MSCI South Africa ETF faces a complex outlook, with various systemic and asset-specific variables playing a role. South Africa's upcoming national election could lead to a coalition government and potential nationalization risks. Recent inflation data communicates a higher-for-longer interest rate environment, which could serve EZA ETF as it is financial sector-heavy.

EZA ETF: South Africa's Election Looms

The iShares MSCI South Africa ETF is the largest ETF focused on exposure to Africa, with $300 million in assets under management. EZA offers a compelling value play, with holdings trading at just 1.5 times book value and an earnings multiple of 8x. However, there are both transitory and structural risks that make this ETF a hold.

EZA: Plentiful Risks In Africa's Powerhouse

The JSE and South African markets feature some interesting picks, with Naspers being an example of a company that has a marquis portfolio. However, particularly in the financial exposures, there are risks related to the South African Rand, which is a structurally weak currency as the wealthy save their money elsewhere.

EZA: Concerns Around The Rand

South Africa's central bank policy seems indeterminate as voting members are in a standoff. Bond market volatility and an uncertain policy rate environment could impact the iShares MSCI South Africa ETF trajectory. Changes in the EZA ETF portfolio, including increased exposure to financial services and reduced exposure to basic materials, adjust the EZA ETF's risk profile.

EZA: A Systematic Review

The Rugby Union World Cup starts in France on September 8. Prepare for several weeks of sweaty scrums, rambunctious rucks and muscular mauls.

The Rugby World Cup starts this week. But who would be the investment winners?

Franklin FTSE South Africa ETF

South Africa's structural issues are well documented and will have a long-term impact on the economic growth potential of the country. Recent market movement of South African assets suggests a bit of optimism may be creeping into investor thinking.

Weighing South Africa's Pluses, Minuses

Both last year and again this year, emerging market equities have seen modest outperformance relative to developed markets. That has also been the case in July with an average gain of 5.24% for EM countries versus a 2.85% rise for their developed market peers. From a technical perspective, the gains in emerging markets - proxied by the iShares MSCI Emerging Markets ETF (EEM) - have resulted in a move above resistance at some of the past year's highs.

Emerging Markets (EEM) Attempts A Break-Out

Although economic trend growth remains of concern, key indicators suggest that South Africa's cyclical outlook has improved, providing the iShares MSCI South Africa ETF with latitude to perform. A current account deficit and a weak South African Rand contribute to promising expected returns as it suggests a cyclical bottom has been reached. Furthermore, a potential global interest rate pivot and reduced load-shedding might assist South Africa's means of production.

EZA: A Much Improved Outlook (Rating Upgrade)

Governmental issues in South Africa have put a heavy toll on the economy, the biggest of which is load shedding. The long-term outlook for the economy seems mixed. In the short term, the yield curve looks good but is likely to invert. There are many great stocks in South Africa, but also many stocks to avoid, so stock picking works better than buying an ETF. ETFs also come with additional risk.

EZA: Avoid The ETF And Focus On Stock Picking

Breakwave Tanker Shipping ETF

Invesco KBW Regional Banking ETF

SPDR S&P Regional Banking ETF

KraneShares Global Carbon Offset Strategy ETF

Global X MSCI Nigeria ETF

In this edition of the top weekly ETF performers, KraneShares stood out with carbon offset ETF KSET. The KraneShares Global Carbon Offset Strategy ETF (KSET) returned 17% for the week, only outperformed by the Breakwave Tanker Shipping ETF (BWET).

Carbon Offset ETF KSET Leads Top Weekly ETFs

The iShares MSCI South Africa ETF is at risk of losing more value as qualitative and quantitative risk premiums exacerbate. The EZA ETF's sector allocation is overly exposed to telecommunication companies, with operational obstacles induced by the Eskom crisis. Consumer businesses are struggling, as proven by Tiger Brands' 500% year-over-year increase in input costs.

EZA ETF: More Pain Ahead, Unfortunately

EZA invests in South African stocks. The fund seems to offer a very compelling return profile, even adjusted for historical realized volatility.

EZA: South African Stocks Offer High Returns But Remain Risky (Rating Upgrade)

South African companies struggled with multiple headwinds at the start of the second quarter, load shedding in particular. A renewed rise in new business thus largely translated into a pile-up in backlogs of work that was the sharpest since last August.

News for iShares MSCI South Africa ETF ETF (EZA)