"EZA has delivered 60% in 2025, driven by cheap valuations and strong earnings from mining and financial holdings. Over the past year, the fund has been up 75%."
"The portfolio concentrates heavily on two areas. Gold miners AngloGold Ashanti and Gold Fields together account for roughly 21% of the fund, while platinum group metal producers add another 13%."
The iShares MSCI South Africa ETF (EZA) provides U.S. investors access to the Johannesburg Stock Exchange, focusing on South African corporate earnings, commodity cycles, and currency exchange rates. With a low expense ratio of 0.59% and $745 million in net assets, EZA heavily invests in gold and platinum group metal producers. Despite its recent 75% increase over the past year, EZA has experienced volatility and was previously undervalued. The fund's performance is closely tied to the rand-to-dollar exchange rate and the mining sector's earnings.
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