iShares MSCI South Africa ETF (EZA)
| Assets | $299.44M |
| Expense Ratio | 0.59% |
| PE Ratio | 10.50 |
| Shares Out | 6.30M |
| Dividend (ttm) | $1.13 |
| Dividend Yield | 2.39% |
| Ex-Dividend Date | Jun 11, 2024 |
| Payout Ratio | 25.16% |
| 1-Year Return | +17.63% |
| Volume | 51,894 |
| Open | 47.38 |
| Previous Close | 47.43 |
| Day's Range | 47.22 - 47.49 |
| 52-Week Low | 36.71 |
| 52-Week High | 51.68 |
| Beta | 1.01 |
| Holdings | 38 |
| Inception Date | Feb 3, 2003 |
About EZA
Fund Home PageThe iShares MSCI South Africa ETF (EZA) is an exchange-traded fund that is based on the MSCI South Africa 25-50 index. The fund tracks the performance of a market-cap-weighted index of South African stocks. It captures 85% of the publicly available market, excluding all small-caps. EZA was launched on Feb 3, 2003 and is issued by BlackRock.
Top 10 Holdings
62.79% of assets| Name | Symbol | Weight |
|---|---|---|
| Naspers Limited | NPN | 17.36% |
| FirstRand Limited | FSR | 8.88% |
| Standard Bank Group Limited | SBK | 7.41% |
| Capitec Bank Holdings Limited | CPI | 6.53% |
| Gold Fields Limited | GFI | 5.13% |
| Sanlam Limited | SLM | 3.67% |
| Bid Corporation Limited | BID | 3.56% |
| Shoprite Holdings Ltd | SHP | 3.51% |
| AngloGold Ashanti plc | ANG | 3.48% |
| Absa Group Limited | ABG | 3.27% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 11, 2024 | $0.627 | Jun 17, 2024 |
| Dec 20, 2023 | $0.506 | Dec 27, 2023 |
| Jun 7, 2023 | $0.681 | Jun 13, 2023 |
| Dec 13, 2022 | $0.657 | Dec 19, 2022 |
| Jun 9, 2022 | $0.998 | Jun 15, 2022 |
| Dec 13, 2021 | $0.458 | Dec 17, 2021 |
News
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...
Market strengths here… and abroad
Market strengths here… and abroad.
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...
EZA: Overreaction To GNU Government And Lower Inflation
The iShares MSCI South Africa ETF has surged over 15% in six months due to a favorable election result and a potential regional interest rate pivot. Despite improved investor sentiment, I'm cautiously...
The Investment Case For South Africa: EZA Is The Ultimate 'Buy Low' Opportunity
South Africa is perceived as corrupt and dangerous, but the country also has excellent demographics, strong geography, and a considerable existing capital base. SA's equity market is heavily discounte...
South African Stocks Show Life After an Election and Power-Grid Fixes
Still, there's a long way to go as the country tries to end corruption, dysfunction, and high unemployment with a coalition government. Bond yields are down and stocks are up.
EZA: Resource Rich And Under The Radar
iShares MSCI South Africa ETF (EZA) provides easy access to South African equities, tracking the MSCI South Africa 25/50 Index. The fund has a concentrated portfolio, with top holdings in companies li...
EZA ETF: South Africa's Election Looms
The iShares MSCI South Africa ETF faces a complex outlook, with various systemic and asset-specific variables playing a role. South Africa's upcoming national election could lead to a coalition govern...
EZA: Plentiful Risks In Africa's Powerhouse
The iShares MSCI South Africa ETF is the largest ETF focused on exposure to Africa, with $300 million in assets under management. EZA offers a compelling value play, with holdings trading at just 1.5 ...
EZA: Concerns Around The Rand
The JSE and South African markets feature some interesting picks, with Naspers being an example of a company that has a marquis portfolio. However, particularly in the financial exposures, there are r...
EZA: A Systematic Review
South Africa's central bank policy seems indeterminate as voting members are in a standoff. Bond market volatility and an uncertain policy rate environment could impact the iShares MSCI South Africa E...
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.
Weighing South Africa's Pluses, Minuses
South Africa's structural issues are well documented and will have a long-term impact on the economic growth potential of the country. Recent market movement of South African assets suggests a bit of ...
Emerging Markets (EEM) Attempts A Break-Out
Both last year and again this year, emerging market equities have seen modest outperformance relative to developed markets. That has also been the case in July with an average gain of 5.24% for EM cou...
EZA: A Much Improved Outlook (Rating Upgrade)
Although economic trend growth remains of concern, key indicators suggest that South Africa's cyclical outlook has improved, providing the iShares MSCI South Africa ETF with latitude to perform. A cur...
EZA: Avoid The ETF And Focus On Stock Picking
Governmental issues in South Africa have put a heavy toll on the economy, the biggest of which is load shedding. The long-term outlook for the economy seems mixed. In the short term, the yield curve l...
EZA ETF: More Pain Ahead, Unfortunately
The iShares MSCI South Africa ETF is at risk of losing more value as qualitative and quantitative risk premiums exacerbate. The EZA ETF's sector allocation is overly exposed to telecommunication compa...
EZA: South African Stocks Offer High Returns But Remain Risky (Rating Upgrade)
EZA invests in South African stocks. The fund seems to offer a very compelling return profile, even adjusted for historical realized volatility.
Load Shedding Program Weakens Business Capacity And Outlook In South Africa In April
South African companies struggled with multiple headwinds at the start of the second quarter, load shedding in particular. A renewed rise in new business thus largely translated into a pile-up in back...
GDP Growth In Sub-Saharan Africa Likely To Slow In 2023
Inflation is expected to remain elevated longer in Sub-Saharan Africa than in other regions. The surge in global commodities prices in 2021 gave room to Sub-Saharan Africa countries to adopt fiscal co...
EZA: Beware Of South Africa's Greylisting And Eskom Crisis
South Africa's regional risks continue to rise, with a greylisting adding to the nation's woes. Although systemic risks are rife, lucrative regional opportunities exist. However, BlackRock's iShares M...
EZA: Caution Is Warranted
The iShares MSCI South Africa ETF has compounded at an impressive rate since inception, reflecting the underlying growth potential of the region. Yet, the ETF could underperform near-term amid uncerta...
Blended Solutions For Better Emerging Market Development
The COP27 presented a number of challenges that nations will face in the coming years. At present, “pure” green activities represent a very small portion of global GDP and an even smaller portion of e...
EZA: Excess Regional Risk And Terrible Allocation
Anecdotally, the ETF's investment thesis lacks novelty and "boots on the ground" research. South Africa's systemic risk premium is at a multi-decade high amid skyrocketing reinsurance rates triggered ...