Australia’s economic growth is expanding and there is increased confidence across most sectors for the first quarter 2006 earnings.  This is reflected in the Australian exchange traded fund.  iShares MSCI Australia (EWA) is up 10% for the year.  The top holding in this ETF, BHP Billiton, is an industry leader in major commodity businesses, such as aluminum, coal and gas. It makes up 13% of EWA.  The next four top holdings are financial companies, collectively making up 27% of the ETF.  These companies include National Australia Bank, Commonwealth Bank of Australia, Australia & New Zealand Banking Group and Westpac Banking.


The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.