Australia is a commodity-based economy similar to Canada. Some of the major exports of Australia are coal, iron ore, agricultural products such as wheat and wool and natural gas. Accordingly the Australian equity market is dominated by mining and oil companies in addition to financials. Other than financials, investors looking for Aussie exposure may have to consider some of the miners and resource firms.
The following list of 55 leading Australian mining and oil stocks can be used as a starting point for further researching opportunities in those sectors:
Source: AFR
Some of the above firms trade on the OTC markets in the US. The complete list of Australian ADRs is listed here.
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Disclosure: No Positions
