New Zealand ETF Starts Trading Today

The iShares MSCI New Zealand Investable Market Index Fund ETF has started trading today under the ticker "ENZL" on the New York Stock Exchange.

ENZL will track the MSCI New Zealand Investable Market Index and have an expense ratio of 0.55%. The ETF is the first to exclusively track New Zealand.

As of August 10, the MSCI New Zealand Investable Market Index tracked 23 stocks with its heaviest allocations in the materials, telecommunication services and consumer discretionary sectors.