With the iShares MSCI New Zealand Investable Market Index Fund (ENZL), New Zealand just became the newest country available in an ETF to U.S.-based investors.New Zealand has long been a quirky investment destination, with only Telecom Corp. of New Zealand (NZT) easily accessible. If you read anything about New Zealand equities or the currency, you may get the sense it is a commodity-based economy, but that is not entirely correct. There is very little in the way of resources being taken out of the ground and exported to other countries (or used at home, for that matter). New Zealand is very much a farm-based economy, with more sheep than people and a free-trade agreement that sends a lot of dairy products to China.
iShares ETF is Better Way In to New Zealand
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