THE EWA

The Australia ETF looks like a pretty good long term bet as the chart is favorable and the sectors specific to the country look enticing. It also seems to be at a nice entry point as the trend looks like it is ready to continue. The largest sector weights are:

Banks 24%

Metals/Mining 15%

Reits 10%

Insurance 8%

Food/Retail 5%

Energy 4%

The biggest holdings are:

BHP Billiton 10%

National Australia Bank 7%

Australia and New Zealand Banking 6%

Westpac 5%

Westfield Group 3.5%