The SPDR MSCI Australia Quality Mix ETF (NYSEArca: QAUS) emphasizes the quality factor, which captures excess returns to stocks that are characterized by low debt, stable earnings growth and other ‘quality’ metrics. Lastly, the First Trust Australia AlphaDEX Fund (NYSEArca: FAUS) selects Australian companies based on growth factors including 3-, 6- and 12-month price appreciation, sales to price and one year sales growth, along with value factors including book value to price, cash flow to price and return on assets.

Related: Down Under Opportunity

Thanks to comparatively high interest rates, Australia ETFs like EWA sport enticing dividend yields, which can help investors generate current income while expanding the international portions of their portfolios. EWA has a trailing 12-month dividend yield of 6%, or nearly triple the comparable yield on the S&P 500.

“The natural resource sector has faltered lately among sharply lower commodity prices, but the country’s central bank has responded by cutting rates to increase inflation. In turn, inflation has boosted exports, helped increase tourism, and spurred demand in the housing market,” reports ETF Daily News.

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iShares MSCI Australia ETF