iShares MSCI South Africa Index (EZA)

All Comments on EZA

  • commenter
    User 143167
    Jun 15 09:37 PM
    My Website
    Global Returns: Stocks Down, Bonds Down [view article]
    You should also add the currency depreciation/appreciat... into the chart. Compare index returns without that is meaningless. You will reconsider South Africa market as a winner if you look at the dismal performance of its currency as of late. Reply
  • commenter
    James V
    Jun 15 08:41 PM
    Global Returns: Stocks Down, Bonds Down [view article]
    Trading Russia/Brazil is the same as trading commodities.
    If commodities carry on their rise or stabilise then Brussia is the way foreward. You start getting a drop in oil etc, then China is the market to be in.

    Shortly we will start to see PE ratios in the region of 13-15 in some stocks in China. That suggest that China will improve its dismal performace, we just need the market to capitluate.

    Reply
  • commenter
    Nidhi
    Jun 15 07:44 PM
    My Website
    Global Returns: Stocks Down, Bonds Down [view article]
    Interesting. Makes you think if there are any "Brussia" ETFs .. that is BRIC without China or India .. ;) Reply
  • commenter
    Murray R
    Jun 11 05:25 PM
    My Website
    A Global Game of Economic Chicken? [view article]
    There are more than 30 Brazilian companies with full American Depository Receipt (ADR) listings on the New York Stock Exchange, plus 40 to 50 more that are traded in the over-the-counter market. Here are a few attractive examples to consider:

    * Banco Itau Holding Financeira SA, referred to usually as Banco Itau (ADR: ITU), has a Price/Earnings ratio of 12.20 and dividend yield of 2.4%. Brazilian banks earn very high returns, primarily from domestic market lending in reals. Including Banco Itau, there are three large ones listed on the Big Board in New York; the other two are Banco Bradesco SA (ADR: BBD) and Uniao Bancos Brasile SA (Unibanco) (ADR: UBB). However, Itau is the cheapest of the three, though only slightly.

    * Companhia Vale do Rio Doce, now referred to only as Vale (ADR: RIO), is one of the true global blue chips, with a market capitalization of almost $200 billion. An iron-ore company with ancillary operations in gold, nickel, copper and other metals, its shares trade at a reasonably valued about 13 times earnings, though its dividend yield is only 1.2%.

    * Petrobras (ADR: PBR) is one of the few emerging market oil companies with access to modern technology - and the willingness to work with the oil majors. Its shares are up 168% in the past year, but the stock’s P/E still is only 19.37. It has a 1.3% yield. The possible upside: It finds another gigantic offshore oilfield. The possible downside: Oil drops back to $50 a barrel. If the world’s monetary authorities get serious about imposing higher interest rates to fight inflation, PBR and RIO would probably suffer as commodities prices fall back to earth.

    * Companhia de Saneamento Basico (Sabesp) (ADR: SBS) is the water and sewage system provider for Sao Paulo. Now that’s a growth business, and not dependent on commodity prices. With a P/E of only 8.33 and a yield of 2.7%, this is one stock I have to say I love.

    * TNE (ADR: TNE) There are a bunch of Brazilian cell phone companies, but TNE appears to be the cheapest. It’s concentrated in the populous southeast and northeast regions of Brazil, with a P/E ratio of only 6.15 and yield of 4.25%.

    * Telecomunicacoes de Sao Paulo SA, or Telesp (ADR: TSP) provides the fixed line telephone system for Sao Paulo. Before you sneer, consider this: the company has a dividend yield of 9.8% and a P/E ratio of 10.07 (which means the dividend is only just covered). And it’s majority owned by Spain’s Telefonica.

    * Voturantim Cellulose (ADR: VCP) is a pulp and paper company, with a P/E ratio of 13.95 and a dividend yield of 2.8%. Trees grow fast in the tropics and VCP definitely benefits from that!

    Source:

    www.contrarianprofits....     Reply
  • commenter
    Valmiki
    Jun 11 12:30 PM
    A Global Game of Economic Chicken? [view article]
    It is interesting that you highlight the inflation threats in China, India, Russia etc,. I wonder if any American thinks that inflation is running at the 2.5% rate that the Fed postulates; On the ground inflation in the US has to be over 10%; A pseudo-nationalization of the Wall Street Investment Banks; bail out home owners who got their McMansions for free, thanks to de-regulation; Now all is left is to advise the rest of the world how they should run their economy. Just as Wolfowitz took over the World Bank, our great economic intellect, Greenspan should take over the ECB to ensure that other countries do not screw up. Reply
  • commenter
    Muddling
    Investor
    Jun 11 11:50 AM
    My Website
    A Global Game of Economic Chicken? [view article]
    To Almir:

    1. Brazil is oil independent, because it invested heavily in oil production. Not because of ethanol.
    2. Renewable resources (i.e. hydro power generation) are limited everywhere. Europe and US don't have any places to build new hydro plants anymore. With increased energy use, Brazil will have to build fossil fuel power plants. Or nukes. Most probably, both.
    3. Inflation is mostly the matter of money policy and psychology. Doesn't have much to do with oil prices and nothing at all with energy policy.
     Reply
  • commenter
    ALMIR
    Jun 11 11:26 AM
    A Global Game of Economic Chicken? [view article]
    The Brazilians are the only country in the world that created a real alternative for petrol. It's sharply-raising cheap and non-subsidised ethanol market has soften the pressure from soaring oil prices. The country also depends more on renewable resources than fossils to generate electricity, so it's a significant protection to the turbulence in international oil markets. Such balanced and wise energetic police was developed in many decades at a very high cost, and now it's helping a lot to protect the country from inflationary risks. Reply
  • commenter
    buyitcheap
    Jun 11 10:21 AM
    A Global Game of Economic Chicken? [view article]
    If the inference is buy Brazil, I'll take Switzerland. Reply
  • commenter
    Tao
    Jun 10 07:06 AM
    Currency, Precious Metal and Futures ETFs: Don't Get Caught in the Tax Trap [view article]
    If you buy and sell a lot, then you could save in a IRA, since outside the IRA, you would be taxed on every trade, but you are only taxed once, if you pull money from an IRA. They don't charge different taxes. You are taxed only on the money you take out at ordinary income taxes.

    This is the way I understand it, if I am wrong, please correct me.     Reply
  • commenter
    Topforeignst
    ocks
    Jun 01 02:50 PM
    My Website
    Calendar Year Country Fund Returns: 1997-2007+ [view article]
    The Swiss ETF - EWL seems to always an average performer.Others like EWG,EWD are probably better bets. Reply
  • commenter
    d_teller
    May 29 04:37 PM
    Single Country Middle East & Africa ETFs and Closed-End Funds [view article]
    On May 15, Fidelity began offering a frontier market fund, EMEA under the symbol FEMEX. Reply
  • commenter
    DaveW
    May 28 01:08 PM
    Single Country Middle East & Africa ETFs and Closed-End Funds [view article]
    On another note, the author says, "Many Middle Eastern economies are dominated by oil. For exposure to the Middle East, it may therefore make sense to consider the oil ETFs."

    Interestingly, while the PowerShares DB OIl ETF (DBO) has gained ~11.5% over the last month, TRAMX has traded at ~$14/share, or ~ 0% gain. So, an investment in oil is just that, it does not acurately correlate with Middle Eastern equities markets as the author suggests.     Reply
  • commenter
    DaveW
    May 28 12:59 PM
    Single Country Middle East & Africa ETFs and Closed-End Funds [view article]
    Currently there is very disappointing ETF representation of Middle East & African countries in the ETF product line-up. I wouldn't waste my time making these products fit your portfolio when a vastly superior mutual fund already exists: T. Rowe Price Africa & Middle East Fund (TRAMX).

    TRAMX Country Exposure:
    U.A.E. (United Arab Emirates) 24.6%
    Egypt 17.9%
    Qatar 16.6%
    Oman 12.9%
    South Africa 10.8%
    Jordan 4.5%
    Bahrain 3.2%
    Lebanon 2.7%
    Nigeria 0.5%

    I've been in this fund since early Oct. '07 and have been pleased to see my position go from $11 to $14.....a 27% gain through the current downturn. Check and compare charts and you'll see that even the on-fire iShares Brazil ETF (EWZ) has a 22% gain over the same period

    This is a long-term prospect so I don't feel having the flexibility of an ETF was worth staying away from this investment. Until there exists a comparable line-up of Middle East ETFs, TRAMX is the way to go.     Reply
  • commenter
    David
    Jackson
    May 28 03:44 AM
    My Website
    Single Country Emerging Markets ETFs, ETNs and Closed-End Funds [view article]
    Update: We just added the new Northern Trust Israel ETF to the list, the NETS TA-25 Index Fund (TAV). Heather Bell writes about this ETF:

    "TAV, however, is not the first of its kind. The iShares complex already offers the competing iShares MSCI Israel Capped Investable Market Index Fund (NYSE Arca: EIS), which charges 0.68%. In a departure for the NETS family, TAV is actually more expensive than its corresponding iShares ETF: It charges 0.70%. EIS was only launched in late March, so it hasn't had time to gain much of a foothold - Northern Trust may be looking to compete with it more on the basis of the underlying index than on price."

    Her full article is here:
    seekingalpha.com/artic...     Reply
  • commenter
    zawy
    May 22 01:23 PM
    Global Stock Market Performance [view article]
    Singapore. Great place with great future. Extraordinarily diverse. Very high tech, including bio. A Western-friendly center of Asian business. Inflation is 1%. The current no-brainer in foreign markets. See EWS

    Malaysia. High Tech. Labor going to be less than China. Politically and socially very secure for foreign investment. Oil and food independent. 3% inflation. Similar future to Brazil, but better value right now. See EWM     Reply
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