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ETF Talk: Take a Look at South Africa

South Africa is a country for investors to watch. Key reasons include its status as one of the most developed economies in Africa, its gross domestic product (GDP) of a little more than a half-trillion dollars in purchasing power parity (PPP) and its population of about 50 million. Ranked as a ‚??Middle Income Country‚?Ě by the World Bank, South Africa is rich in minerals such as gold, diamonds, platinum and palladium, all of which tantalize investors. An exchange-traded fund (ETF) that‚??s tied to South Africa‚??s market returns is the iShares MSCI South Africa Index Fund (EZA).

This non-diversified fund invests at least 90% of its assets in the securities that comprise an underlying index that consists of stocks traded primarily on the Johannesburg Stock Exchange. The fund entails components of consumer discretionary, financial and materials companies.

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Written By

Doug Fabian is the editor of Successful Investing and High Monthly Income, and is the host of the syndicated radio show, "Doug Fabian's Wealth Strategies." Taking over the reigns from his dad, Dick Fabian, back in 1992, Doug has continued to uphold the reputation of the newsletter as the #1 risk-adjusted market timer as ranked by Hulbert‚??s Investment Digest. For more than 30 years, Successful Investing (formerly the Telephone Switch Newsletter) has produced double-digit annual gains. Doug has become known for his expert knowledge and timely use of innovative tools like Exchange Traded Funds, bear funds and Enhanced Index funds to profit in any market climate.