Some forex traders are betting New Zealand’s benchmark interest rate could nearly double over the next two years. That is not necessarily a bad thing as ENZL has already defied comparatively high rates and a strong currency. Plus, the ETF has a trailing 12-month yield of 4.35% and a three-year standard deviation of 18.07%, according to iShares data. By comparison, EWA’s three-year standard deviation is almost 23%.
iShares MSCI New Zealand Capped ETF
ETF Trends editorial team contributed to this post.