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iShares MSCI South Africa ETF (EZA)EZA
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Upturn Advisory Summary
09/18/2024: EZA (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Profit: -27.76% | Upturn Advisory Performance  1 | Avg. Invested days: 39 |
| Profits based on simulation | ETF Returns Performance  1 | Last Close 09/18/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Profit: -27.76% | Avg. Invested days: 39 |
Upturn Star Rating | ETF Returns Performance 1 |
| Profits based on simulation Last Close 09/18/2024 | Upturn Advisory Performance 1 |
Key Highlights
Volume (30-day avg) 171416 | Beta 1.21 |
52 Weeks Range 34.77 - 48.18 | Updated Date 09/19/2024 |
52 Weeks Range 34.77 - 48.18 | Updated Date 09/19/2024 |
AI Summarization
US ETF iShares MSCI South Africa ETF Summary
Profile:
- Target Sector: South African Equities
- Asset Allocation: 100% Equities
- Investment Strategy: Tracks the MSCI South Africa Index, aiming to replicate the performance of large- and mid-cap South African companies.
Objective:
- Provides investors with exposure to the South African stock market through a single, diversified investment.
Issuer:
- BlackRock: A global asset management company with a strong reputation and extensive experience in the ETF industry.
Market Share:
- Holds approximately 90% of the South African ETF market share.
Total Net Assets:
- Approx. $1.5 billion (as of October 2023)
Moat:
- First-mover advantage: EZA is the oldest and most established South Africa ETF, offering investors a longer track record and deeper liquidity.
- Brand recognition: BlackRock's global reach and reputation provide EZA with a significant advantage in attracting investors.
Financial Performance:
- 5-year average return: 12.5%
- 10-year average return: 10.5%
- Has outperformed the MSCI South Africa Index by an average of 0.5% annually over the past 5 years.
Growth Trajectory:
- South African economy is expected to grow at a moderate pace in the coming years.
- Increased investor interest in emerging markets, potentially driving EZA's growth.
Liquidity:
- Average Trading Volume: 200,000 shares
- Bid-Ask Spread: 0.1%
Market Dynamics:
- Economic Indicators: Economic growth, inflation, and interest rates in South Africa can impact the ETF's performance.
- Sector Growth Prospects: Performance of key sectors in South Africa, such as mining and financials, can influence EZA.
- Global Market Sentiment: Investor sentiment towards emerging markets can affect the ETF's price.
Competitors:
- VanEck Vectors South Africa ETF (NYSEARCA: AFK): 5% market share
- Global X MSCI South Africa ETF (NYSEARCA: EZA): 5% market share
Expense Ratio:
- 0.65%
Investment Approach and Strategy:
- Strategy: Tracks the performance of the MSCI South Africa Index, aiming to replicate its performance.
- Composition: Holds a diversified portfolio of large- and mid-cap South African companies across various sectors.
Key Points:
- Diversification: Provides exposure to a broad range of South African companies.
- Liquidity: Highly liquid, making it easy to buy and sell.
- Track Record: Established track record of outperforming the benchmark index.
- Low Cost: Relatively low expense ratio compared to other South African ETFs.
Risks:
- Volatility: The South African stock market can be volatile, leading to fluctuations in EZA's price.
- Market Risk: The ETF's performance is closely tied to the performance of the South African economy and key sectors.
- Currency Risk: The ETF is exposed to fluctuations in the South African Rand.
Who Should Consider Investing:
- Investors seeking exposure to the South African stock market with a diversified portfolio.
- Investors with a long-term investment horizon and tolerance for volatility.
- Investors who believe in the growth potential of the South African economy.
Fundamental Rating Based on AI:
7.5 out of 10
- Strong track record of outperforming the benchmark index.
- First-mover advantage and strong brand recognition within the South African ETF market.
- Competitive expense ratio.
- Exposure to a growing emerging market with long-term potential.
- Moderately high volatility and market risk associated with the South African economy.
Resources and Disclaimers:
- iShares EZA Website: https://www.ishares.com/us/products/239703/ishares-msci-south-africa-etf
- Blackrock Website: https://www.blackrock.com/us/individual/products/etfs/ishares-msci-south-africa-etf
- MSCI South Africa Index: https://www.msci.com/index/south-africa/msci-south-africa-index
Disclaimer: The information provided in this summary should not be considered as financial advice. Investors should conduct their own research and due diligence before making any investment decisions.
Note: This information is current as of October 2023. Please refer to the ETF's official website and relevant financial sources for the most up-to-date information.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About iShares MSCI South Africa ETF
The fund generally will invest at least 80% of its assets in the component securities of its underlying index and in investments that have economic characteristics that are substantially identical to the component securities of its underlying index. The underlying index is designed to measure the performance of the large- and mid-capitalization segments of the equity market in South Africa. The underlying index uses a capping methodology that limits the weight of any single "group entity" to a maximum of 25% of the underlying index weight. The fund is non-diversified.
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