South Africa (EZA) a good Precious Metals playPrecious metals (PM) have really struggled this week, with the following weekly movement in USD:
Gold TVC:GOLD -5.65%
Silver TVC:SILVER -7.17%
Platinum TVC:PLATINUM -7.2%
Palladium TVC:PALLADIUM -8.23%
All these PM’s seems to be heavily oversold over the shorter-term, which could see a bit
Key stats
About iShares MSCI South Africa Index Fund
Home page
Inception date
Feb 3, 2003
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
BlackRock Fund Advisors
Distributor
BlackRock Investments LLC
EZA aims to capture the South African equity space by tracking a cap-weighted index that represents a majority of the market. It tilts large compared to our more comprehensive benchmark, as it excludes small-caps from its portfolio, Nevertheless, it still provides neutral sector exposure. Given the limitations of a small country like South Africa, investors must be conscious before investing in this fund, as it may allocate more resources to some select companies. Hence, a cap of 25% per issuer is used to ensure diversification among its holdings. EZA uses a representative sampling strategy, which means it will invest in a sample of securities that collectively have an investment profile similar to that of the underlying index. The index is rebalanced quarterly. Before September 2017, the fund tracked an uncapped version of its current index.
Classification
What's in the fund
Exposure type
Finance
Non-Energy Minerals
Technology Services
Stock breakdown by region
Top 10 holdings
South Africa is a fundamental buy #EZASouth Africa is one Emerging Market economy poised for success given the recent dollar weakness. Today's retail sales data, +2.6% YoY vs 0.4% last month proves sequential acceleration in the macro data. Moreover, the noise around Eskom and SAA has been going on for years now and is merely noise. The
Depreciation of Rand hurting Africa economyFrom the beginning of 2020, you can see from the chart that RAND (BRL) currency has depreciated more than 38% against the US dollars.
That makes it even harder for the merchants and business owners in Africa who needs to sell much more than before to make the same US dollars. EZA, the ETF tracking
EZA (South Africa)The index is at support while the currency looks like it's headed down again, the only index that I'm shorting over the weekend. Look at both the currency and index futures before making your decision.
Kinda sketchy bet considering they will be trading tomorrow while the US market is closed, but i
Emerging Markets and my preferred #ETF EntryLet’s start off with the declaimer – I’m South African and I might just be bias. If you would ask me to buy one #ETF and one ONLY, this will be my recovery ETF. Is it still a country full of challenges? YES! Could it face further downgrades? MAYBE! Do South Africa know how to fix the problem and hav
Short Sell, Trade of the yearSouth Africa ETF, showing a triple top in the mid 70s on the all time high chart. The country is about to run out of clean water, a civil war is looming. Media refuses to cover it as well, so normies won't dump it till its too late. My largest position right now. Will sit in this until it dumps.
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
EZA trades at 52.25 USD today, its price has fallen −0.04% in the past 24 hours. Track more dynamics on EZA price chart.
EZA net asset value is 51.28 today — it's risen 6.59% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
EZA assets under management is 386.54 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
EZA price has risen by 6.19% over the last month, and its yearly performance shows a 20.01% increase. See more dynamics on EZA price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 6.59% over the last month, showed a 9.99% increase in three-month performance and has increased by 23.75% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 6.59% over the last month, showed a 9.99% increase in three-month performance and has increased by 23.75% in a year.
EZA fund flows account for 54.73 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
EZA invests in stocks. See more details in our Analysis section.
EZA expense ratio is 0.59%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, EZA isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, EZA technical analysis shows the strong buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating EZA shows the strong buy signal. See more of EZA technicals for a more comprehensive analysis.
Today, EZA technical analysis shows the strong buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating EZA shows the strong buy signal. See more of EZA technicals for a more comprehensive analysis.
Yes, EZA pays dividends to its holders with the dividend yield of 5.91%.
EZA trades at a premium (0.30%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
EZA shares are issued by BlackRock, Inc.
EZA follows the MSCI South Africa 25-50. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Feb 3, 2003.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.