BOSTON ( TheStreet) -- Beyond the vegemite sandwiches and koala bears of Australia lie unique investment opportunities, according to Robert Scharar, fund manager of the Commonwealth Australia/New Zealand Fund (CNZLX). Last year the fund was ranked No. 1 by Lipper in assessing a 15-year period.Australia and its neighbor, New Zealand, benefit not just from being commodity rich, but in being stable democracies that can handle the commodities responsibly, Scharar says, pointing to how Australia handled its global-headline-making parliamentary impasse in selecting a prime minister -- itself brought on by a controversial proposal for a 30% tax on coal and iron ore profits. The result: compromise that hasn't affected a growing role as energy giant.
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