South Africa (EZA) a good Precious Metals playPrecious metals (PM) have really struggled this week, with the following weekly movement in USD:
Gold TVC:GOLD -5.65%
Silver TVC:SILVER -7.17%
Platinum TVC:PLATINUM -7.2%
Palladium TVC:PALLADIUM -8.23%
All these PM’s seems to be heavily oversold over the shorter-term, which could see a bit
Key stats
About iShares MSCI South Africa Index Fund
Home page
Inception date
Feb 3, 2003
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
BlackRock Fund Advisors
Distributor
BlackRock Investments LLC
EZA aims to capture the South African equity space by tracking a cap-weighted index that represents a majority of the market. It tilts large compared to our more comprehensive benchmark, as it excludes small-caps from its portfolio, Nevertheless, it still provides neutral sector exposure. Given the limitations of a small country like South Africa, investors must be conscious before investing in this fund, as it may allocate more resources to some select companies. Hence, a cap of 25% per issuer is used to ensure diversification among its holdings. EZA uses a representative sampling strategy, which means it will invest in a sample of securities that collectively have an investment profile similar to that of the underlying index. The index is rebalanced quarterly. Before September 2017, the fund tracked an uncapped version of its current index.
Classification
What's in the fund
Exposure type
Finance
Non-Energy Minerals
Technology Services
Stock breakdown by region
Top 10 holdings
South Africa is a fundamental buy #EZASouth Africa is one Emerging Market economy poised for success given the recent dollar weakness. Today's retail sales data, +2.6% YoY vs 0.4% last month proves sequential acceleration in the macro data. Moreover, the noise around Eskom and SAA has been going on for years now and is merely noise. The
Depreciation of Rand hurting Africa economyFrom the beginning of 2020, you can see from the chart that RAND (BRL) currency has depreciated more than 38% against the US dollars.
That makes it even harder for the merchants and business owners in Africa who needs to sell much more than before to make the same US dollars. EZA, the ETF tracking
EZA (South Africa)The index is at support while the currency looks like it's headed down again, the only index that I'm shorting over the weekend. Look at both the currency and index futures before making your decision.
Kinda sketchy bet considering they will be trading tomorrow while the US market is closed, but i
Emerging Markets and my preferred #ETF EntryLet’s start off with the declaimer – I’m South African and I might just be bias. If you would ask me to buy one #ETF and one ONLY, this will be my recovery ETF. Is it still a country full of challenges? YES! Could it face further downgrades? MAYBE! Do South Africa know how to fix the problem and hav
Short Sell, Trade of the yearSouth Africa ETF, showing a triple top in the mid 70s on the all time high chart. The country is about to run out of clean water, a civil war is looming. Media refuses to cover it as well, so normies won't dump it till its too late. My largest position right now. Will sit in this until it dumps.
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Summarizing what the indicators are suggesting.
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Moving Averages
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Moving Averages
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Displays a symbol's price movements over previous years to identify recurring trends.