This ETF will capture New Zealand’s rebound

Article Excerpt

New Zealand has a small population and ranks outside of the world’s top 50 economies. Still, this leading democracy and developed nation is ranked among the world’s top 20 most-competitive economies. Meanwhile, its stock market has also performed well over the past decade. It has, in fact, beat broad world market indexes by a considerable margin. ISHARES MSCI NEW ZEALAND ETF $58.26 (New York symbol ENZL; TSINetwork ETF Rating: Aggressive; Market Cap: $145.7 million) tracks the performance of a basket of New Zealand listed companies. Healthcare accounts for 27.0% of its assets, while Utilities (18.3%), Consumer defensive (16.3%), Telecommunications (13.1%), Industrials (8.6%), and Consumer cyclicals (6.3%) are other key segments. The ETF holds a portfolio of 26 stocks. The top 10 make up a high 73% of its assets. They are Fisher & Paykel Healthcare Corp. (Healthcare; 19.3%), The a2 Milk Co. (Consumer defensive; 15.5%), Spark New Zealand (Communication services; 8.9%), Auckland International Airport (Industrials, 4.5%), Ryman Healthcare (Healthcare; 4.5%), Meridian Energy (Utilities; 4.5%), Chorus Energy…

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