2007-07-25 09:27:50 · 2 answers · asked by J W 1 in Business & Finance ➔ Investing
Yes. You can open an account with an Australian stock brokerage or trade American Depositary Receipts (ADRs) on Australian stocks. There are also exchange-traded funds in the U.S. that replicate the performance of the Australian stock market, for example, the iShares MSCI Australia Index Fund (symbol: EWA).
2007-07-25 12:13:16 · answer #1 · answered by NC 7 · 2⤊ 0⤋
Yes, in two ways. You could establish a brokerage account with an Australian company and trade online. That is fairly difficult if you are not financially savvy, and trading internationally can be challenging (currency differences, time delay in trading, etc). The better, and much simpler method, is to purchase an Exchange Traded Fund (ETF) that specializes in high quality companies of Australia. One that I trade in regularly is symbol EWA, which can be bought and sold on the NYSE. Its name is the "iShares MSCI Australia Index" and is trading today for $30.10 at the close. Be aware that trading of any kind, especially ETF's, is subject to risk, meaning that these securities are not insured and you can lose money on them. In the past 6 months, EWA is up approximately 24%.
2007-07-25 17:06:15 · answer #2 · answered by Anonymous · 0⤊ 0⤋
see www.interactivebrokers.com you can trade worldwide on a US based account. They have a lot of info for you there.
2007-07-25 21:53:12 · answer #3 · answered by kris 2 · 0⤊ 0⤋