NEW YORK TheStreet -- Yesterday, the ETF Professor at Benzinga posted Two Country ETFs Vulnerable To A China Slowdown. One of the funds covered was the iShares MSCI New Zealand Capped ETF (ENZL), which we bought for clients a couple of months ago.New Zealand exports a lot of stuff to China, some NZD787 million just last month. Although not mentioned in the article, New Zealand was the first country to ink a free trade agreement with China a few years back. China needs New Zealand's stuff and New Zealand needs China's money, so it is logical to think a slowdown in China hurts New Zealand.
ETF Analysis Requires Close Look Under the Hood
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts