Although Australia’s interest rates reside at a record low of 2.25%, those are high by the standards of the developed world and enough to cement Australia’s as one of the highest-yielding advanced economies in the world. EWA has a trailing 12-month yield of 4.86%. [Say G’Day to Australia ETFs]
Another ETF that could be stirred by the RBA news is the SPDR MSCI Australia Quality Mix ETF (NYSEArca: QAUS). QAUS debuted in June as part of a six-ETF suite of single-country ETFs from State Street Global Advisors emphasizing the quality factor. QUAS and its five stablemates track MSCI Indices. The quality factor “captures excess returns to stocks that are characterized by low debt, stable earnings growth and other ‘quality’ metrics,” according to MSCI.
QAUS, which has a 30-day SEC yield of almost 4.2%, allocates a combined 23% of its weight to the materials and energy sectors.
SPDR MSCI Australia Quality Mix ETF
ETF Trends editorial team contributed to this post.