australia

ETF Name

EWA_CFD.ETF

Market

Stocks

Costs

0.07 %

Daily

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Weekly

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Yearly

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Australia

ISHARES MSCI AUSTRALIA INDEX FUND

EWA_CFD.ETF

The iShares MSCI Australia ETF tracks a market-cap-weighted index of Australian stocks. It captures 85% of the publicly available market, excluding most small-caps. While its biases against our benchmark are small, it does tilt large due to the fact that it excludes about 150 of our benchmark's smaller companies from its selection universe. Still, EWA does a great job of capturing the space. It trades well with significant daily trading volume and low spreads, and its block liquidity score is perfect. EWA typically engages in securities lending, which brings revenues to the fund, at the cost of slight counterparty risk. It charges a middling fee in context, but tracking has historically been excellent and its true holding costs are often lower than the headline fee, which, combined with solid liquidity and coverage, is why it is our Analyst Pick.

Portfolio composition (TOP 10)

15.11.2023
Commonwealth Bank of Australia
CSL Limited
BHP Group Ltd
Westpac Banking Corporation
National Australia Bank Limited
Australia and New Zealand Banking Group Limited
Wesfarmers Limited
Woolworths Group Ltd
Macquarie Group Limited
Rio Tint

Australia

ISHARES MSCI AUSTRALIA INDEX FUND

EWA_CFD.ETF

Daily

---

Weekly

---

Yearly

---
The iShares MSCI Australia ETF tracks a market-cap-weighted index of Australian stocks. It captures 85% of the publicly available market, excluding most small-caps. While its biases against our benchmark are small, it does tilt large due to the fact that it excludes about 150 of our benchmark's smaller companies from its selection universe. Still, EWA does a great job of capturing the space. It trades well with significant daily trading volume and low spreads, and its block liquidity score is perfect. EWA typically engages in securities lending, which brings revenues to the fund, at the cost of slight counterparty risk. It charges a middling fee in context, but tracking has historically been excellent and its true holding costs are often lower than the headline fee, which, combined with solid liquidity and coverage, is why it is our Analyst Pick.

ETF Name

EWA_CFD.ETF

Market

Stocks

Costs

0.07 %

Portfolio composition (TOP 10)

15.11.2023
Commonwealth Bank of Australia
CSL Limited
BHP Group Ltd
Westpac Banking Corporation
National Australia Bank Limited
Australia and New Zealand Banking Group Limited
Wesfarmers Limited
Woolworths Group Ltd
Macquarie Group Limited
Rio Tint

Instrument specification for ISHARES AUSTRALIA ETF

Name EWA_CFD.ETF
Minimum order value 1
Description ISHARES MSCI AUSTRALIA INDEX FUND
Maximum order value 787
Transaction Step 1
Type ETF
Trading Hours monday-friday 15:31-21:59
Contract size / 1 lot Price * 1 USD
Deposit required 20%
Value of 1 pip 0.01
Financial leverage 5:1
Minimal step 0.01
Long swap (daily) -0.02311%
Short sale YES
Short swap (daily) 0.00367%
Distance SL and TP 0
3-day swap (date) 5

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