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TheStreet Open House

Australia's a Boon to These ETFs

Stocks in this article: EWAEPPFXA

Although some are cautious of the sustainability of Australia's economy, history is on its side as that it has yet to see a recession in 19 years.

Some ETFs likely to benefit from Australia's strength are the following: iShares MSCI Australia Index Fund (EWA) which closed at $24.29 on Monday; iShares MSCI Pacific-ex-Japan Index (EPP), which allocates 68% of its assets to Australia and closed at $43.66 on Monday; CurrencyShares Australian Dollar Trust (FXA) which closed at $93.25 on Monday.

When investing in these equities, it is important to consider the inherent risks that are involved. A good to way to protect against these factors is through the use and implementation if an exit strategy which triggers price points at which an upward trend in gold could potentially be coming to an end.

According to the latest data at www.SmartStops.net , the price points for the aforementioned ETFs are: EWA at $23.08; EPP at $41.82; FXA at $90.46. These price points fluctuate on a daily basis and reflect changes in market conditions.

-- Written By Kevin Grewal in Laguna Niguel, Calif.

At the time of publication, Grewal did not have a position in any of the funds mentioned. Kevin Grewal serves as the editorial director and research analyst at The ETF Institute, which is the only independent organization providing financial professionals with certification, education, and training pertaining to exchange-traded funds (ETFs). Additionally, he serves as the editorial director at SmartStops.net where he focuses on mitigating risks and implementing exit strategies to preserve equity. Prior to this, Grewal was an analyst at a small hedge fund where he constructed portfolios dealing with stock lending, exchange-traded funds, arbitrage mechanisms and alternative investments. He is an expert at dealing with ETFs and holds a bachelor's degree from the University of California along with a MBA from the California State University, Fullerton.
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