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ENZL: Macros Are In Bad Shape, And Valuations Look Unsavory
The iShares MSCI New Zealand ETF covers 25 of the largest stocks from the MSCI New Zealand All Cap Index. ENZL's performance over the last 4 years has been largely disappointing. New Zealand's macroeconomic backdrop looks troubling, with GDP contraction and struggling services and manufacturing sectors, though further interest rate cuts may offer some relief.
Seekingalpha | 1 year ago
