Best Australia ETFs
The list of the best Australia ETFs is only a selection of a few options. There are only three listed on an American stock exchange and they are iShares MSCI Australia Index fund (EWA), CurrentShares Australian Dollar Trust ETF (FXA) and the OQ Australia Small Cap ETF (KROO).
The EWA is the most popular and has been around the longest. This ETF has a broad investment portfolio which has exposure on the Australian market as a whole. 99% of the assets are invested in stocks. The sectors where the investments are located are the Financial Services with 44.4%, Industrial Materials with 25.5%, Consumer Services with 9.9%, Energy with 6.9% and Consumer Goods with 3.4%.
There are a total of 74 different companies that are invested in with this ETF. The annul turnover rate is 14%. This performance of this fund has been solid for 7 out of the past 8 years. The only year is went negative was 2008. For 2009 it has a performance of 67.90% but its YTD so far is – 5.71%. The average daily volume of trading is 5.4 million and this ETF has a one month performance of 2.83%.
The KROO was only begun in March of 2010 so there is not a track record yet. There are 100 different small cap companies this ETF is invested in. The sectors of investment are Industrial Materials with 28.2%, Consumer Services with 12.3%, Business Services with 11.9%, Financial Services with 10.8 and Media with 9.0%.
This ETF has a 3 month performance of -13.50 but a one month performance of 4.13%. Since it has only been in existence for 4 months, most investors are still having the wait and see attitude. The average daily volume is only 14k.
FXA has been around for a few years but has all of its assets in currency. This is for those that wish to invest on the movement of the Australian Dollar against the US Dollar. The average trading volume is 238k. Last year’s performance was 29.29% with an YTD so far of 1.68% and a one month at 3.03%.
If you are looking into online banking with what you think is the best Australia ETFs, make sure you watch them carefully. Australia was solid during the last recession, but that has no relevance on what will take place in the future.
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We strive to bring you the latest and most accurate data possible from the home sites of the financial institutions we name. Always remember, the bigger the risk, the larger the reward or loss. Invest with caution.
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Tue, 27th Jul 2010 6:18 am
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