EZAiShares MSCI South Africa ETF
EZA Fund Description
The iShares MSCI South Africa ETF 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 Factset Analytics Insight
EZA captures the South African total equity space with a cap-weighted basket that holds about half as many firms as our segment benchmark. It tilts large compared to our more comprehensive benchmark but nevertheless provides neutral sector exposure and fairly even concentration with one major exception: Naspers Ltd comprises roughly a quarter of the portfolio and the vast majority of its exposure to the tech sector. In this it accurately reflects the underlying market, but it's still a striking concentration in an otherwise broadly-distributed fund. It trades well in both small and large sizes, and robust volume keeps average spreads fair. Large premiums and discounts don't indicate poor liquidity; instead, they just highlight the mismatch in trading hours between fund shares and underlying stocks. Those looking to trade blocks can expect low transaction costs too.
The fund is expected to change its underlying index to MSCI South Africa 25/50 Index on or about 1 Spet 2017. The change will ensure compliance with RIC diversification requirement.
EZA MSCI ESG Analytics Insight
The MSCI ESG Fund Quality Score measures the ability of ETF underlying holdings to manage key medium to long-term risks and opportunities arising from environmental, social, and governance factors, as determined by MSCI ESG Research LLC. As of June 18, 2018 the iShares MSCI South Africa ETF MSCI ESG Fund Quality Score is 5.88 out of 10.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. EZA ranks in the 97th percentile within its peer group and in the 66th percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage.
EZA CHARTS AND PERFORMANCE
EZA Top 10 Countries
EZA Top 10 Sectors
EZA Top 10 Holdings [View All]
EZA Portfolio Management
EZA Tax Exposures
EZA Fund Structure
EZA Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of EZA. EZA is rated a 4 out of 5.
EZA Sector/Industry Breakdown
EZA TOP 10 HOLDINGS[View All]
EZA Economic Development
EZA Performance Statistics
EZA MSCI ESG Ratings
EZA BENCHMARK COMPARISON SUMMARY
EZA BENCHMARK COMPARISON MARKET CAP SIZE