Australian-focused ETFs look attractive, as its economy focuses increasingly on exporting, investing and modest consumption, according to an article on ETF Trends.
Two ETFs were highlighted by Seeking Alpha contributor Tom Lydon:
- iShares MSCI Australia Index Fund (NYSEArca: EWA): EWA rose close to 11 percent over the past week, likely affected by an increase in Australia’s mining industry.
- CurrencyShares Australian Dollar Trust (NYSEArca: FXA): FXA rallied over 5 percent as the commodity-driven Australian dollar strengthened.
Head over to ETF Trends for the full story.