South Africa ETFs: Too Bad About The Macro
Thomas Furda
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Sun, Apr 14
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South Africa ETF: Upgrade Is a StartTom Lydon • Tue, Jan 25, 2011 -
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South Africa’s ETF: A Return to Normalcy in 2010?Tom Lydon • Tue, Nov 3, 2009
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How Regulation Helped South Africa’s Economy and ETFTom Lydon • Mon, Sep 21, 2009
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Keep an Eye on South Africa's ETFTom Lydon • Tue, Sep 1, 2009
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South Africa's Heartbreak and HopeVitaliy Katsenelson • Thu, Apr 23, 2009
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Africa: 2nd Fastest Growing Region In The WorldiMFdirect • Mon, Jun 10 -
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Global ETF Trading Range ScreenBespoke Investment Group • Fri, May 31 -
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Commodity Currencies: The Deflation FactorEmerging Money • Mon, Apr 15
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There are no Transcripts on EZA.
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at MarketWatch.com (Apr 23, 2013)
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at CNBC.com (Mar 13, 2013)
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at MarketWatch.com (Oct 8, 2012)
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at MarketWatch.com (May 31, 2012)
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at CNBC.com (Apr 10, 2012)
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at CNBC.com (Apr 10, 2012)
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at CNBC.com (Jun 28, 2011)
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at MarketWatch.com (Feb 2, 2011)
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at MarketWatch.com (Oct 21, 2010)
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at MarketWatch.com (Aug 24, 2010)
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at CNBC.com (Jun 14, 2010)
EZA vs. ETF Alternatives
EZA Description
The iShares MSCI South Africa Index Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the South African equity market, as measured by the MSCI South Africa Index.
See more details on sponsor's website
See more details on sponsor's website
Country: South Africa
Key Info
- In Your Portfolio: A Guide to International Equity ETFs
- Asset Class Performance: Countries, Emerging Markets
- All
- | Earnings
- | Dividends
- | M&A
- | On the move
- Tuesday, June 11, 5:45 AM The rout in emerging markets has continued today, with the South African rand (EZA) sliding 1.6% to 10.35 to the dollar, the yield on 10-year government bonds jumping 27.5 bps to 8.17%, and the JSE Top 40 sinking 1.8%. Meanwhile, Thai shares lost 4.5%, Indonesia 3.9% and the Philippines 4.6%. (See rupee hits record lows) Comment! [Global & FX, On the Move]
- Monday, June 3, 7:55 AM Glencore Xstrata (GLCNF.PK) fires 1,000 workers across three of its chrome mines in South Africa for going on illegal strike last week, bringing those operations to a halt. The dispute adds to long-running friction in the mining industry that has raised concerns about Africa's largest economy and sent the rand to four-year lows. The country is home to ~75% of the world's chromite reserves. Comment! [Commodities]
- Friday, May 31, 6:13 AM Emerging-market currencies are taking a battering, with the South African rand (EZA) receiving particular punishment. What began as a "drip drip of currency weakness" (WSJ) on concerns about the end of the Fed's QE program has turned into a flood as countries' various problems become exposed. The rand is down 6.3% since last week and the Turkish lira is -2.4%. 1 Comment [Global & FX, On the Move]
- Thursday, May 23, 2:46 PM Gold's sharp rise today can be attributed to the dollar's drop vs. the yen; when the dollar drops, gold should rise, as their correlation during the past 24 days has hit -86%. A stock sector that's standing out is emerging market gold miners: South Africa’s Sibanye (SBGL), Harmony (HMY) and AngloGold (AU), plus Peru's Buenaventura (BVN) are stronger, even as their corresponding country ETFs (EZA; EPU) are in the red. 5 Comments [Commodities, On the Move]
- Tuesday, May 21, 2:17 PM South Africa's rand falls to its lowest level in four years as clashes between mine owners and workers erupt again today. Government "heavy-handedness" with mining companies has created a "major negative" for investors both inside and outside mining, as it reduces companies’ abilities to set their balance sheets and control their own destinies, Greenbriar Partners says. AU -3.3%, GFI -3%, HMY -2.6%. 5 Comments [Commodities, Global & FX]
- Monday, May 20, 8:12 AM Shares of South African miners sink as the country's mine workers union calls for a 60% pay increase on gold and coal producers. The union says it is seeking an entry-level minimum monthly wage of 7K rand ($750) for surface workers and 8K rand for underground workers vs. respective current minimum wages of 4.7K and 5K rand. AU -3.7%, GFI -3.4%, HMY -1.9% premarket. 2 Comments [Commodities, Global & FX]
- Friday, May 17, 7:58 AM The head of a major South African mining union threatens to bring the country's economy "to a standstill" and demands a meeting with President Zuma, ramping up the rhetoric in a long and heated conflict between labor and the government. But a strike seems averted for at least another day, as top platinum producer Amplats (AGPPY.PK) says employees reported for today's shifts as normal. Comment! [Commodities, Global & FX]
- Wednesday, May 8, 2:52 PM The recent selloff in commodities (DBC) is not a correction, says Stan Druckenmiller, now on stage at Ira Sohn, but instead the end of the supercycle. Avoid commodity markets - Brazil (EWZ, BRF, BRL), South Africa (EZA, SZR), Canada (EWC, FXC). "Frankly, I'd short the aussie (FXA)." His largest equity holding? "I can't imagine a better position than Google (GOOG)" - selling for 16x earnings and no exposure to China. 4 Comments [Quick Ideas]
- Monday, December 31, 2012, 11:51 AM More details on iShares' ETF fee hikes: Going to 0.61% from 0.59% (a 3.4% hike) are its Chile Investable Market Fund (ECH), China Small Cap Fund (ECNS), Indonesia Investable Market Fund (EIDO), Israel Capped Investable Market Fund (EIS), Philippines Investable Market Fund (EPHE) , Poland Investable Market Fund (EPOL), All Peru Capped Fund (EPU), Taiwan Fund (EWT), South Korea Fund (EWY), Brazil Fund (EWZ), Brazil Small Cap Fund (EWZS), South Africa Fund (EZA), Thailand Investable Market Fund (THD) and Turkey Investable Market Fund (TUR). 2 Comments [Global & FX]
- Monday, December 10, 2012, 1:20 PM Emerging markets are hot, but just some of the smaller markets - Colombia (CXG), Philippines (EPHE), South Africa (EZA), Thailand (THD), Turkey (TUR) - are seeing ETF inflows which could be described as worrying. Among the larger markets, India (MSCI India +28% YTD) and China (MSCI China +14% in last quarter) aren't seeing this sort of interest. 2 Comments [Global & FX]
- Friday, October 12, 2012, 12:38 PM South Africa's credit rating is cut to BBB from BBB+ at S&P, with the outlook remaining negative. The country's mining strikes are likely to have the ANC taking on "more populist elements" heading into 2014 elections, resulting in "amplified spending pressures and reduce(d) fiscal flexibility." Comment! [Global & FX]
- Monday, October 8, 2012, 1:32 PM Spreading labor unrest in South Africa is taking a toll on the country's government paper and the currency, with the prices of both slumping to multi-year lows. "We think it more likely than not that the rand will at least test the 9/dollar mark," says a local currency strategist. SZR -13.1% Y/Y. 2 Comments [Global & FX]
- Thursday, March 29, 2012, 12:05 PM With risk poking its head out again, emerging market currencies slide, led today by South Africa's rand (SZR) and the Hungarian forint. Both country's kept interest rates on hold last night, with South Africa's central bank sounding a bit dovish. Also hit are the Mexican peso (FXM) and India's rupee (ICN) 1 Comment [Global & FX]
- Monday, March 12, 2012, 12:54 PM South African oil major Sasol (SSL -2.1%) reports earnings of $1.8B for 2011 H2, up from $980M a year earlier, roughly inline with estimates. Profits benefited from a 16% decline in the rand (SZR) as well as higher crude prices. Comment! [Global & FX, Energy]
- Friday, October 14, 2011, 2:20 PM DuPont (DD +2.1%) announces a South African regulator has rejected its planned purchase of a seed company, upholding a legal ruling from last year. The move follows a growing trend in the nation of tightening restrictions on foreign ownership of companies. Dupont says it will study the decision and any available options for future action. Comment! [Global & FX]
- Tuesday, May 31, 2011, 7:39 AM South African economic growth accelerated to 4.8% in Q1 vs. expectations of 4.2%. The rand strengthen on the news, bringing the currency's gain to nearly 5% since the February lows. Growth is still well below the 7% figure hoped for by the government. EZA +26%, SZR flat Y/Y. Comment! [Global & FX]
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x oil -field
The rout in emerging markets has continued today,with South African rand $EZA sliding. http://bit.ly/1a07AzE http://bloom.bg/13TDRnp $GLD - View all 3 replies
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x oil -field: : India unhappy, but unshaken by rupee's plunge to record low Reuters | NDTV Update: June 11, 2013 18:36 (IST) http://bit.ly/12EyUmG
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x oil -field: $GOLD silver trade flat; $SLV physical demand still muted. Reuters NDTV Update June 14, 2013 14:14 (IST) http://bit.ly/14Atxmy
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SafariResearch.com
Reflections Of A Value Investor In Africa - Anibock Investment Research Chambers - http://t.co/ubkiuDf AFK EZA - View all 0 replies
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ETFdesk
WaysToPlay: Africa rising, Economic recovery is coming to Africa faster than many had expected http://bit.ly/abGIBc $AFK $EZA #ETF #MKT - View all 0 replies
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LATEST REPLIES
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x oil -field
The rout in emerging markets has continued today,with South African rand $EZA sliding. http://bit.ly/1a07AzE http://bloom.bg/13TDRnp $GLD - View all 3 replies
-
x oil -field: : India unhappy, but unshaken by rupee's plunge to record low Reuters | NDTV Update: June 11, 2013 18:36 (IST) http://bit.ly/12EyUmG
-
x oil -field: $GOLD silver trade flat; $SLV physical demand still muted. Reuters NDTV Update June 14, 2013 14:14 (IST) http://bit.ly/14Atxmy