South African ETF On The Rise
November 14th at 8:22am by Tom Lydon
Exchange traded funds (ETFs) in the precious metals sector are on the rise. Not surprisingly, iShares MCSI South Africa Index Fund (EZA) has been a top performer, reports Marie Beerens of Investor’s Business Daily. The fund has a 28% allocation in the materials sector, which includes platinum and gold mining firms in South Africa. EZA is up 15% for the month. Top holdings include Sasol, an energy company, Impala Platinum Holdings and Gold Fields. The chart below illustrates the trading pattern of EZA versus gold.
