Trade iShares MSCI New Zealand ETF - ENZL CFD

iShares MSCI New Zealand ETF Company profile

The index is a free float-adjusted market capitalization-weighted index designed to measure the performance of the large-, mid- and small-capitalization segments of the New Zealand equity market. This ETF offers exposure to New Zealand’s equity market, giving investors an opportunity to access a developed Asia Pacific economy that often receives little weight in portfolios. For investors seeking exposure to New Zealand is likely to be one of the only options available; even most Asia Pacific ETFs include only a minor allocation to this economy, and there are no other pure play choices available. For those who believe that New Zealand maintains superior long term economic potential, however, ENZL may be worthy of inclusion in a longer-term, buy-and- hold portfolio; this ETF can be useful as a satellite holding for overweighting a market that is one of the smaller components of most portfolios (if it’s included at all).