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. Given the targeted focus, ENZL is probably most useful as a tactical tool for short-term tilts towards this developed economy. 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). Like most international equity ETFs, ENZL is relatively shallow in terms of total holdings, and subject to significant biases towards certain sectors. In this case, it is not banks and energy, but materials and telecom that receive the lion's share of the asset allocation. ENZL leaves something to be desired in terms of breadth and depth of exposure, but this fund is one of the only options for accessing New Zealand and delivers this Pacific market at a relatively affordable price.
The adjacent table gives investors an individual Realtime Rating for ENZL on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the Asia Pacific Equities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.View the Category Report
The following tables and charts contain in-depth metrics for this ETF and compare it to similar peer ETFs within its ETFdb.com Category.
This section compares how balanced and deep this ETF is relative to the peer group ETFdb.com Category.
|Developed Markets (ex-US)||100.0%|
This ETF is not currently available for commission free trading on any platforms.
There are 9 other ETFs in the Asia Pacific Equities ETFdb.com Category that are also eligible for commission free trading:
This section shows how this ETF has performed relative to its peer group ETFdb.com Category.
The following charts can be customized to display historical performance in a number of different formats, including line charts, bar charts, and candlesticks. Time periods can be adjusted to increase or decrease the period shown, ranging from five minutes to several months.
The following chart also includes the option to compare the performance of ENZL relative to other ETFs and benchmarks or to include indicators such as Bollinger Bands, relative strength, and moving averages.
This section shows how the volatility of this ETF compares to the peer group ETFdb.com Category.
2014 Morningstar, Inc. All Rights Reserved. The information contained herein: ( 1 ) is proprietary to Morningstar and/or its content providers; ( 2 ) may not be copied or distributed; and ( 3 ) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
Source: LSEG Information Services (US), Inc. (“LSEG”) © LSEG 2016. All rights in the XTF data, ratings and / or underlying data contained in this communication (“the XTF information”) vest in LSEG and/or its licensors. Neither LSEG nor its licensors accept any liability arising out of the use of, reliance on or any errors or omissions in the XTF information. No further distribution of the XTF information is permitted without LSEG’s express written consent. LSEG does not promote, sponsor or endorse the content of this communication.