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iShares MSCI New Zealand Capped ETF (ENZL)

  • Dec. 31, 2014, 11:34 AM
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  • Jul. 23, 2014, 5:11 PM
    • As expected, the Reserve Bank of New Zealand continues a string of rate hikes begun in February with an increase of 25 basis points in its official cash rate to 3.5%.
    • "Economic growth among New Zealand's trading partners has eased slightly in the first half of 2014, but this appears to be due to temporary factors," says the bank in its statement. Of the perky New Zealand dollar: "Unjustified and unsustainable and there is potential for a significant fall."
    • ETFs: ENZL
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  • Mar. 12, 2014, 4:45 PM
    • The kiwi pops higher by 0.6% after the Reserve Bank of New Zealand becomes one of the first developed nations to tighten policy with a 25 basis point increase in its benchmark interest rate to 2.75%. The kiwi is currently buying $0.8518.
    • "New Zealand’s economic expansion has considerable momentum, and growth is becoming more broad-based ... Inflationary pressures are increasing and are expected to continue doing so over the next two years."
    • The iShares New Zealand Capped ETF (ENZL) is higher by 11% YTD.
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  • Jun. 13, 2013, 11:22 PM
    Manufacturing in New Zealand (ENZL) grew by 4 points to 59.2 for May, the highest PMI level since June 2004 and the best May since 2002. Says BNZ, "The chances that NZ's economic growth this year is stronger than we currently forecast are increasing."
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  • Dec. 31, 2012, 11:56 AM
    More details on iShares' ETF fee hikes: Going to 0.53% from 0.51% (a 3.9% hike) are its New Zealand Investable Market Fund (ENZL), Sweden Fund (EWD), Germany Fund (EWG), Italy Fund (EWI), Japan Fund (EWJ) and Japan Small Cap Fund (SCJ).
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  • Jun. 21, 2012, 2:01 AM
    New Zealand's GDP grew a much faster-than-expected 1.1% in Q1, helped by a rise in agriculture and business services. Economists had targeted 0.5% growth. It's NZ's fastest pace of growth in nearly five years, but some strategists worry "the large rise will only cast further doubt on the veracity of the national accounts data, which have been subject to considerable revisions recently."
  • Mar. 7, 2012, 2:02 AM
    Economists expect little action from a slew of Asia-Pacific rate decisions this week. Given the rise in oil prices and the easing of eurozone meltdown concerns, central banks in South Korea, New Zealand, Indonesia and Malaysia are expected to hold rates steady.
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  • Feb. 15, 2012, 1:28 AM
    Consumers in New Zealand and Australia are proving fairly resilient. Despite a growth slowdown in Asia and the ongoing eurozone debt crisis, Aussie consumer confidence rose 4.2% this month to the highest level since November while retail sales in N.Z. gained 2.2% last quarter.
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  • Dec. 30, 2011, 12:38 PM
    With trading desks barely staffed, someone has decided to run some stops in the currency market. The greenback takes a plunge over the past couple of hours against nearly every major currency, but particularly vs. the yen, the aussie, and the kiwi. The yen has now regained nearly all the ground lost when Japan intervened in late October to weaken it.
  • Dec. 22, 2011, 5:05 AM
    New Zealand's GDP grew a larger than expected 0.8% in Q3 on a seasonally adjusted basis, but growth got a one-off boost from the Rugby World Cup and monetary policy is unlikely to change.
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  • Jul. 18, 2011, 6:51 AM
    New Zealand's CPI rose more than expected in Q2, climbing 1% on the back of higher fuel and food costs. The country's record-low 2.5% cash rate is "on borrowed time," says one economist.
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  • Jul. 14, 2011, 3:41 AM
    New Zealand is likely to raise its benchmark rate by year-end from a record-low 2.5% after GDP came in at +0.8% in the quarter ended Mar. 31, more than twice the +0.3% that the central bank had expected.
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  • Jun. 13, 2011, 8:14 AM
    Christchurch is hit by a series of aftershocks from the major February earthquake, causing significant property damage, but no reported casualties. The kiwi drops more than 1% vs. the greenback, now buying $0.8121. Shares -0.4%.
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  • Jun. 8, 2011, 5:26 PM
    It's morning in New Zealand and the kiwi is soaring, despite central bank governor Bollard's complaint the strong currency is "constraining rebalancing of the NZ economy." Perhaps markets are focused on his hint of gradual rate hikes over the coming years. BNZ +19%, ENZL +26% Y/Y.
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  • Apr. 18, 2011, 8:03 AM
    The kiwi falls sharply, helped along by what is shaping up to be a 'risk off' day, but mostly from a report showing diving inflation in New Zealand. The CPI rose just 0.8% last quarter after a 2.3% jump previously, giving the central bank room to keep rates low. Kiwi -1.4%, buying $0.7875. ETF: BNZ.
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  • Mar. 9, 2011, 4:06 PM
    New Zealand cuts its benchmark interest rate 50 basis points to 2.5%, citing growth concerns in the wake of the Christchurch earthquake. The kiwi plummets but quickly bounces back as the move was not totally unexpected. Kiwi ETF: BNZ -0.1%. Shares ETF: ENZL -0.7%.
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ENZL Description
The iShares MSCI New Zealand Capped Investable Market Index Fund (the “Fund”) seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI New Zealand IMI 25/50 Index (the “ Underlying Index”).
See more details on sponsor's website
Country: New Zealand
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