iShares MSCI South Africa ETF

EZA

Market cap $445M

Overview Fund Activity

61.00 USD

+0.07

0.11%

At close Updated Sep 16, 4:00 PM EDT

Pre-market

After hours

61.00

0.00

0%

1 day

0.11%

5 days

2.61%

1 month

6.81%

3 months

15.01%

6 months

27.78%

Year to date

44.11%

1 year

30.43%

5 years

56.25%

10 years

6.61%

0

Funds holding %

of 7,463 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

56% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 9

16% more capital invested

Capital invested by funds: $275M [Q1] → $319M (+$43.1M) [Q2]

8% more funds holding

Funds holding: 62 [Q1] → 67 (+5) [Q2]

0.69% more ownership

Funds ownership: 76.29% [Q1] → 76.98% (+0.69%) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]

54% less repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 26

94% less call options, than puts

Call options by funds: $220K | Put options by funds: $3.57M

See Fund Rankings

Financial journalist opinion

EZA: Should You Get Specific Exposure To South Africa?

I rate EZA a hold due to recent explosive growth; I recommend waiting for a 10% price drop before buying. EZA offers dynamic exposure to South Africa's finance and materials sectors, but is highly concentrated in top holdings and sectors, increasing risk. The fund benefits from strong local consumer growth and global commodity demand, but I see short-term downside in materials due to unsustainable commodity prices.

EZA: Should You Get Specific Exposure To South Africa?

Are There Enough Foreign Equities ETFs?

It's the year of foreign equities ETF diversification and performance. For many ETF issuers, their international or ex-U.S. ETF strategies have led their suites for performance amid rising domestic risks.

Are There Enough Foreign Equities ETFs?

EZA: Gold And Banks Keep Working

EZA has outperformed gold, global banks, and the S&P 500 since October 2023, driven by strong momentum and a bullish macro backdrop. The ETF offers a compelling valuation, with a P/E just above 10 and a PEG ratio under 1.0x, plus a high 5.81% dividend yield. EZA's portfolio is concentrated in Financials and Materials, making it sensitive to trends in global banking and gold prices.

EZA: Gold And Banks Keep Working

EZA: Pressure Likely To Persist

A continued rise in sovereign and country risks pose threats, especially given the emerging faultlines in the GNU and South Africa's tariff vulnerabilities. Foreign operators listed on the JSE might experience contrasting outcomes, yet, global macro-level concerns remain. Factors such as supportive Gold prices and robust performance from Naspers have carried EZA in recent times.

EZA: Pressure Likely To Persist

EZA: Great Dividends But Low Growth

South Africa offers investment opportunities, but growth remains low; EZA ETF provides access with a 7.37% dividend yield and a low expense ratio of 0.59%. EZA is concentrated in Financials, Basic Materials, and Communication sectors, with high volatility and limited diversification; top 10 holdings make up over 60% of the portfolio. South Africa's economic conditions include low GDP growth, high unemployment, and moderate inflation; interest rates are unlikely to drop significantly due to rising inflation.

EZA: Great Dividends But Low Growth

Country ETF Dividends

Topping the list and outperforming in that span have been emerging market countries like Brazil and India, which are both up well over 6.5%. International ETFs don't only have momentum on their side, but they also offer higher yields than the US at the current moment. Across all 22 ETFs, the average yield stands at 3.25%.

Country ETF Dividends

EZA: A Low Valuation But High-Risk Investment

iShares MSCI South Africa ETF has high exposure to economically sensitive sectors, leading to potential volatility, especially during economic downturns. EZA's lack of technology sector exposure weakens its long-term growth prospects, contributing to poor performance over the past decade. Despite South Africa's gradually improving economy, EZA's low valuation reflects weak growth prospects and high volatility, making it less attractive.

EZA: A Low Valuation But High-Risk Investment

South Africa's Stock Rally May Have Legs

Continued little improvements in South Africa can go a long way. More privatization can boost growth.

South Africa's Stock Rally May Have Legs

China Outperforms The Rest Of The World

Shanghai CSI 300 has gone from a 52-week low to a 52-week high in only a couple of weeks. Other than China and Hong Kong, Australia is the only other international market starting the week at a 52-week high.

China Outperforms The Rest Of The World

CNBC Television

Market strengths here… and abroad

Market strengths here… and abroad.

See News Rankings

Charts implemented using Lightweight Charts™