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3 International ETFs to Buy Now

With U.S. stocks hitting all-time highs, it's time to reallocate some cash into cheap overseas equities with fat dividends

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iShares MSCI New Zealand Capped (ENZL)

international etfs enzlTotal Assets: $147.3 million
Expenses: 0.53%
Yield: 4.3%

A tiny economy closely linked to Australia and Asia, New Zealand equities have held up rather well considering regional sluggishness.

New Zealand’s GDP topped out at a annualized pace of 3.4% in the post-crisis period and has been slowly softening ever since. Forecasts put growth at a tepid 2.4% for all of 2013.

A relatively strong currency isn’t helping exports, but the country is recovering from a drought and consumption is picking up, which points to stronger growth ahead.

The iShares MSCI New Zealand Capped ETF (ENZL) has managed to scrape out a 13.6% gain for the year-to-date. Top holdings include Fletcher Building (FRCEF), Telecom Corporation of New Zealand (NZTCY) and Auckland International Airport.

Article printed from InvestorPlace Media, http://investorplace.com/2013/10/international-etfs-ews-ewa-enzl/.

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