The Lucky Country has now gone a quarter of a century without a recession. A Teflon-coated economy indeed.
Investors in iShares MSCI Australia Index Fund saw new options become available this week, for the February 2015 expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the EWA options chain for the new February 2015 contracts and identified one put and one call contract of particular interest.
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares MSCI Australia ETF where we have detected an approximate $31.2 million dollar outflow -- that's a 1.8% decrease week over week (from 76,600,000 to 75,200,000). START SLIDESHOW:Click here to find out which 9 other ETFs experienced notable outflows » The chart below shows the one year price performance of EWA, versus its 200 day moving average: Looking at the chart above, EWA's low point in its 52 week range is $21.98 per share, with $27.51 as the 52 week high point — that compares with a last trade of $22.10.
Australia has been hit by currency devaluation this month but the decline is creating a new ETF investment opportunity.
Australian equities have had a nice run in 2014, but a stronger currency, and potential weakness in China could derail the trend.