ENZL
iShares Trust iShares MSCI New Zealand ETF
📎 Investment Objective
The iShares MSCI New Zealand ETF (ENZL) seeks to track the investment results of an index composed of New Zealand equities, providing investors exposure to the New Zealand stock market.
Overview
ETF tracking iShares Trust iShares MSCI New Zealand ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The iShares MSCI New Zealand ETF (ENZL) seeks to track the investment results of an index composed of New Zealand equities, providing investors exposure to the New Zealand stock market.
🎯 Investment Strategy
The ETF employs a passively managed, index-based approach, investing in a representative sample of securities included in the MSCI New Zealand Index. The fund aims to replicate the performance of this index, which measures the equity market performance of New Zealand.
✨ Key Features
- Provides broad exposure to the New Zealand stock market
- Passively managed to track the MSCI New Zealand Index
- Low expense ratio of 0.00%
- Relatively small fund size with $0 in assets under management
⚠️ Primary Risks
- Concentration risk as the fund is focused on a single country market
- Currency risk as the fund's returns are subject to fluctuations in the New Zealand dollar
- Liquidity risk due to the small fund size and limited trading volume
- Tracking error risk as the fund may not perfectly replicate the index performance
👤 Best For
This ETF may be suitable for investors seeking exposure to the New Zealand equity market as part of a diversified international portfolio. It may be of particular interest to investors with a long-term investment horizon who are comfortable with the risks associated with investing in a single-country fund.