iShares MSCI South Africa ETFFind Ratings Reports
- Last Ratings Update:10/31/2016
- Price as of 10/31/2016 :$55.30
- Net Assets:$462.5 Million
- Peer Rank:286 of 329
- Investment Rating:D-
We rate iShares MSCI South Africa at D-. Negative factors that influence this rating include a well below average total return. The fund invests approximately 98% of its assets in stocks and may be considered for investors seeking a Non-US Equity strategy.
POSITIVES AND RISKS
Total return ranks well below peers over the last three years. The iShares MSCI South Africa has returned an annual rate of 11.10% since inception. More recently, the fund has generated a total return of -0.29% in the last five years, -2.78% in the last three years, and -0.15% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 22% of them. It has also outpaced 22% of its competitors on a three year basis and 26% of them over the last year for the period ending 10/31/2016. On a year to date basis, EZA has returned 17.69%.
Downside risk has been above average. EZA has a draw down risk of -36.62%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 23.3%. This fund has experienced a high level of volatility in its monthly performance over the last 36 months. As of 10/31/2016, the fund was trading at a price of $55.30, which is 2.0% below its 52-week high of $56.42 and 8.6% above its 52-week low of $50.93.
Low expense ratio helps performance. On total assets of $462.50 million, EZA maintains a low expense ratio compared to its Non-US Equity peers of just 0.62% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As EZA is an exchange traded fund, it has no front end or back end load.
The iShares MSCI South Africa is managed by Diane Hsiung at BlackRock Fund Advisors. This fund is one of 304 BlackRock Fund Advisors exchange-traded funds launched since 3/12/1996 that we track.