iShares Debuts New Zealand ETF


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Finally, the exchange traded fund ( ETF ) industry has its first New Zealand ETF, courtesy of iShares .

The iShares MSCI New Zealand Investable Market Index Fund (NYSEArca: ENZL) comes at a good time for investors. The Land of the Long White Cloud, as New Zealand is referred to by locals, is anticipating a GDP of 3% growth this year and next and a target rate of inflation is set at about 1-2%. Asia and Australia's growth also feeds this nations growth, as both of the surrounding regions have prospered, Olivier Ludwig for Index Universe reports . Australia is New Zealand's top export partner, followed by China and the United States. [ August's Top 5 ETFs. ]

WisdomTree Pacific ex-Japan Total Dividend Fund (NYSEArca: Barclays Debuts a New ETN.]

Materials is the top sector among the fund's 23 holdings, with 23.2% of the weighting. Telecom is 16.3% and consumer discretionary is 14.1%.

Tisha Guerrero contributed to this article.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , ETFs

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