iShares MSCI Australia ETF (EWA)
| Assets | $1.47B |
| Expense Ratio | 0.50% |
| PE Ratio | 20.13 |
| Shares Out | 57.40M |
| Dividend (ttm) | $0.81 |
| Dividend Yield | 2.96% |
| Ex-Dividend Date | Jun 16, 2025 |
| Payout Frequency | Semi-Annual |
| Payout Ratio | 60.28% |
| Volume | 2,979,216 |
| Open | 27.39 |
| Previous Close | 27.37 |
| Day's Range | 27.35 - 27.57 |
| 52-Week Low | 20.51 |
| 52-Week High | 27.57 |
| Beta | 1.04 |
| Holdings | 55 |
| Inception Date | Mar 12, 1996 |
About EWA
Fund Home PageThe iShares MSCI Australia ETF (EWA) is an exchange-traded fund that is based on the MSCI Australia index, a market-cap-weighted index of Australian stocks. EWA was launched on Mar 12, 1996 and is issued by BlackRock.
Top 10 Holdings
62.62% of assets| Name | Symbol | Weight |
|---|---|---|
| Commonwealth Bank of Australia | CBA | 13.92% |
| BHP Group Limited | BHP | 10.71% |
| Westpac Banking Corporation | WBC | 6.48% |
| National Australia Bank Limited | NAB | 6.46% |
| ANZ Group Holdings Limited | ANZ | 5.33% |
| Wesfarmers Limited | WES | 5.04% |
| CSL Limited | CSL | 4.96% |
| Macquarie Group Limited | MQG | 3.95% |
| Goodman Group | GMG | 3.38% |
| Rio Tinto Group | RIO | 2.40% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 16, 2025 | $0.39734 | Jun 20, 2025 |
| Dec 17, 2024 | $0.41646 | Dec 20, 2024 |
| Jun 11, 2024 | $0.46864 | Jun 17, 2024 |
| Dec 20, 2023 | $0.4883 | Dec 27, 2023 |
| Jun 7, 2023 | $0.41678 | Jun 13, 2023 |
| Dec 13, 2022 | $0.43016 | Dec 19, 2022 |
Performance
EWA had a total return of 10.15% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.50%.
News
Cautious RBA in No Rush to Cut Rates Further
The Reserve Bank of Australia said future policy decisions will remain dependent on the flow of economic data.
Best And Worst Country ETFs Since Trump 2.0
It has been 225 days since President Trump's Inauguration on January 20th, and the S&P 500 entered today up 8% since the last close before the Inauguration. Speaking of the G7, the US has been the wor...
Australian Inflation Indicator Jumps, Backing RBA Caution on Rate Cuts
Australia's monthly inflation indicator jumped to its highest level in a year in July, affirming the Reserve Bank of Australia's cautious approach to cutting interest rates over recent months.
EWA: Australia Lagging Its EAFE Peers, Chart Issues Too
iShares MSCI Australia ETF has underperformed the EAFE Index due to heavy Materials sector exposure and ongoing industrial metals volatility. Valuation is a concern, with EWA trading at a premium P/E ...
Australian job ads fall 1% in July, ANZ-Indeed data shows
Australian job advertisements fell in July, dragged down by the education and retail sectors, but that only partly offset the rise in the previous month and suggested the labour market is easing gradu...
Australian Inflation Continued to Cool in Second Quarter
Inflation continued to ease in the second quarter, raising bets that the Australian central bank will deliver a rate cut next month.
Australia's second-quarter inflation drops to lowest since March 2021, supporting case for rate cut
Australia's second-quarter inflation drops to lowest since March 2021, supporting case for rate cut
APAC Equities: The Sensitivity To Oil Prices
Among APAC equity markets, Australia has a higher beta to oil prices while India, Indonesia and Thailand have lower betas. Domestic political uncertainties have been one main reason for the decoupling...
EWA: I'm Bullish On Australian Economy As We Move Deeper Into 2025
EWA offers investors exposure to Australian equities, providing diversification away from US-centric risks and trade policy uncertainties. I previously identified Australia as a relatively safe non-US...
EXCLUSIVE: These Emerging Markets Are The Calm In The Tariff Storm
As global markets spiral from fresh tariff hikes, some emerging markets defy the chaos—surviving and thriving.
Australia As An Investing Opportunity: Stocks, Bonds And Real Estate
Australia's key investment markets—stocks, bonds, and real estate—present lucrative opportunities driven by market cycles and liquidity sources. Stocks are poised for an upward breakout, likely within...
EWA: Like Bull Case For Australia, As Country Stays Out Of President Trump's Crosshairs
Evaluating iShares MSCI Australia ETF as an investment option at its current market price, tracking Australian equities. Previously cautious on EWA, favoring US, Europe, and Canada, which proved justi...
EWA: Downshifting Australia To Neutral Heading Into 2025 (Rating Downgrade)
Australian stocks have done well in 2024, although they have not kept pace with the S&P 500. I see some positives "down under", including a rising labor force participation rate and growing wages. How...
Australian Futures Gain After Rise in U.S. Markets
Australian shares are poised to rise on Wednesday, with futures showing a nearly 0.2% gain.
Australia, A Tech Hub? Crikey!
While California and Scandinavia tend to get top billing in tech, the Land Down Under now boasts one of the fastest-growing software and fintech hubs in the world. Australia's tech industry, which exp...
China Outperforms The Rest Of The World
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-wee...
Australia Equity - What Is A Lower Dividend Yield Telling Us?
Australia has long been recognised for having the highest average dividend yield among global markets. However, this yield has been on a downward trend since 2022.
Highest And Lowest Country ETF Dividend Yields
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 poin...
EWA: Growth Outlook Not Bright In Australia
iShares MSCI Australia ETF has underperformed, with a 0% price return over the past 3 years and a total return of only 15.7%. EWA's high exposure to the materials sector and low exposure to technology...
EWA: The Case For Australia Grows
iShares MSCI Australia ETF provides targeted exposure to the Australian equities market, with a focus on large- and mid-cap companies. The EWA fund's top holdings include BHP Group, Commonwealth Bank ...
EWA: Anemic Growth And Inflation Challenges Warrant Caution
EWA offers exposure to Australian large- and mid-caps, with a tilt toward financials and materials, resulting in a more comfortable P/E than that of the S&P 500. The issue is that Australia's economic...
Australia: GDP Growth Slows Further
First quarter 2024 GDP growth slowed to just 0.1% QoQ. This brings the annual growth rate down from 1.5% to 1.1%.
EWA: Not Ready To Hop Down Under Just Yet
The iShares MSCI Australia ETF offers exposure to the Australian equities market across 73 holdings, concentrated in the financials and basic materials sectors. Australia's growing strategic significa...
Australian Employment Surges In February
February's employment showed a large rise, driven by a hefty increase in full-time jobs and a sharp fall in the unemployment rate to 3.7%.
EWA: I See Some Value 'Down Under' In 2024 (Rating Upgrade)
I am upgrading my outlook on the iShares MSCI Australia ETF to "buy" for a number of reasons. Gains in US markets are becoming increasingly concentrated in a few stocks, leading me to look for opportu...
EWA: Don't Want The Banks
iShares MSCI Australia ETF is rather above average in terms of expense ratios. Moreover, markets seem to broadly apply steep multiples to non-mining exposures in Australia, particularly financials. Si...
What's The Argument For Looking Outside The U.S. In 2024?
US equities have been dominated by a handful of stocks, highlighting the need for diversification. US stocks and bonds have been positively correlated, making it challenging to hedge equity risks.
Australia: 3Q23 GDP Growth Softens
Weaker GDP growth in Australia may indicate that the Reserve Bank of Australia (RBA) is done hiking rates. Trade data suggests that the GDP growth figure for Q3 2023 will not meet expectations.
EWA: Extended Monetary Tightening Looms Large In Australia
Australian stocks have underperformed this year. Unlike its developed market peers, however, Australia's rate hike cycle is far from over. Ahead of a challenging year ahead, market pricing seems far t...
Australian Economic Growth Moderates Due To Tighter Monetary Policy
Australian economic growth momentum has softened during 2023 due to the cumulative impact of monetary policy tightening since May 2022. The Judo Bank Flash Australia Composite PMI Output Index for Oct...
Australia Inflation: Too High To Ignore
Australian Consumer Price Index (CPI) surprises with higher-than-expected inflation, potentially leading to a restart of the Reserve Bank of Australia's hiking cycle. RBA projections for inflation may...
Australia: Inflation Back On The Rise
While this is mostly down to less helpful base effects, international energy prices and excise duty hikes, it is not safe to conclude that the RBA rate cycle has peaked. At 5.2% YoY, the August inflat...
Australia: GDP Holding Up Better Than Expected
2Q23 GDP was stronger than expected, and revisions to past data also show the economy has slowed less than was previously assumed. The quarter-on-quarter growth was also a bit stronger at 0.4% (ING f ...
The Rugby World Cup starts this week. But who would be the investment winners?
The Rugby Union World Cup starts in France on September 8. Prepare for several weeks of sweaty scrums, rambunctious rucks and muscular mauls.
Australia: Rate Hike Forecast Is Hanging By A Thread
The headline inflation rate has now fallen below 5% which will encourage thoughts that the RBA tightening cycle has peaked. We did see the housing component rise by 1.3% over the previous month, up fr...
EWA ETF: Wait On The Sidelines
iShares MSCI Australia ETF has had a disappointing year, down -2% YTD compared to the positive returns of the Vanguard FTSE Developed Markets ETF. The macro backdrop for Australian equities is uncerta...
The Economics Of Immigration: The U.K. Vs. Australia And Canada
Australia and Canada are experiencing a surge in population growth, while growth rates have slowed substantially in the UK due to post-Brexit frictions. The robust population growth is allowing Austra...
Reserve Bank of Australia Takes Another Breather
Pausing for a second consecutive meeting, today's rate decision is in line with some better inflation data this month and means the Bank can respond to future data events with less fear of overdoing t...
EWA: Time To Head To Australia For High Yields
The iShares MSCI Australia ETF offers exposure to Australian stocks with high dividend yields, currently above 6%, making it a suitable addition for income-oriented investors. The Australian economy i...
EWA: I Was Wrong - Australia Continues To Be An Effective Diversifier (Rating Upgrade)
Australia, and EWA by extension, had long been a permanent fixture in my portfolio that had served me well. However, as 2023 got underway, I moved into what I thought were greener pastures. I surmised...
iShares MSCI Australia ETF: A Worthy Portfolio Addition
The iShares MSCI Australia ETF offers investors a low-cost vehicle to access Australian large and mid-cap equities. In addition to the income appeal, the ETF is poised to benefit from commodities-driv...
The Reasons Why Australia's Economy Is Slowing
Australia's economy is showing clear signs of slowing and will drop further in 2023. House price growth appears to be on the cusp of turning negative and provides a rationale for a peak cash rate at t...
EWA: I'm Giving Up On Australia As We Enter 2023
I used EWA as a relative hedge against U.S. equities this year. Generally, I was okay with the result, as it declined by less than the S&P 500. Despite a reasonable valuation and high dividend yield, ...
Flash PMIs Show Renewed Contraction Of Australian Economy In October, Japan's Service Sector Powers Growth
The latest flash PMI data showed that Australia's private sector economy shrank for the first time since the start of the year in October.
Australian Economy Under Pressure Amid Strong Inflation, But Signs Of Price Peak Appear
The release of the Australia flash PMI on the 24th of October will be eagerly awaited after recent PMI survey data, compiled by S&P Global, signalled that inflationary pressures remained a major risk ...
EWA Isn't The Best Way To Play Financials
There is a lot of financial exposure, particularly in banking, in the EWA. Some of it is full-service banking, which is somewhat more mixed but ultimately well positioned for volatility. The rest are ...
2022 Bear Market Bargains Series - iShares Core S&P/ASX 200 ETF
The iShares ASX 200 Australia ETF (IOZ or EWA) offers a simple and easy way to get broad exposure to the top 200 listed companies in Australia. Valuation looks very attractive on a current P/E of 15.1...