iShares MSCI Australia ETF (EWA) is an exchange-traded fund that seeks to track the investment results of the MSCI Australia Index, which consists of large- and mid-capitalization Australian equities. The fund provides targeted exposure to the Australian stock market, including major holdings such as Commonwealth Bank of Australia, BHP Group Limited, Westpac Banking Corporation, and National Australia Bank Limited; it focuses on sectors like financials, materials, and healthcare, with an expense ratio of 0.50%. Launched on March 12, 1996, EWA is issued by BlackRock's iShares business, with BlackRock Fund Advisors serving as the investment adviser, headquartered at 400 Howard Street, San Francisco, California.
EWA primarily offers investors passive investment in Australian equities through a diversified portfolio mirroring the MSCI Australia Index; it does not pursue sustainable, impact, or ESG strategies. The fund targets institutional and retail investors seeking long-term growth and access to Australia's developed market, with assets under management around $1.4 billion and significant institutional ownership at approximately 60%. Geographically, it concentrates on Australian-listed companies domiciled in Australia, traded primarily on the NYSE Arca exchange in U.S. dollars.
Recent developments for iShares and BlackRock, EWA's issuer, include record ETF inflows of $192 billion into iShares globally in the first half of 2025, alongside the launch of new products such as the iShares US Factor Rotation Active ETF in Australia and iShares Managed Futures Active ETF. BlackRock completed key acquisitions in the last 1-2 years to bolster private markets capabilities, including Preqin in July 2024, Global Infrastructure Partners in October 2024, and HPS Investment Partners in July 2025; it also announced the acquisition of ElmTree Funds. In February 2024, Cboe Australia listed additional iShares ETFs, expanding BlackRock's footprint across global exchanges, though no specific changes to EWA's structure or index were noted.