iShares MSCI Australia (EWA)
As a major commodities exporter with close economic ties to east Asia, Australia is getting hit hard by the weak global economy — especially the slowdown in China.
Gross domestic product was growing at a blistering annualized rate of as much as 5% before the financial crisis of 2008. Now it’ll be lucky to finish the year with 2%.
That has been hard on Australia equities, but then, that keeps prices down and yields up. Furthermore, the market’s generous yield makes it easier to wait for these stocks to bounce back.