New Zealand Equity

New Zealand equity mutual funds and ETFs own securities listed on the... New Zealand equity mutual funds and ETFs own securities listed on the New Zealand Stock Exchange. The most well-known index is the NZX 50, which is a market capitalization-weighted index comprising the largest 50 stocks on the market. New Zealand equity mutual funds and ETFs tend to have very large weightings in health care, industrials, and utilities. Some of the largest companies include Fisher and Paykel Health Care, Auckland International Airport, and Spark New Zealand. These funds may be passively or actively managed. They may also leave currency exposure unhedged, or choose to protect the portfolio from swings in the value of the New Zealand Dollar. New Zealand’s economy, the world’s 51st largest by nominal Gross Domestic Product as of 2022, is characterized by a focus on trade (especially with Australia), a rapidly growing IT sector, and a reliance on services. Investment as a share of GDP was 28.1% as of 2022, well above the long-run average of 22.6% going back to 1987. Wood, dairy products, and fruit are key exports. As a developed market economy, New Zealand equity mutual funds and ETFs are often purchased by conservative-minded investors. Last Updated: 04/26/2024 View more View less

New Zealand equity mutual funds and ETFs own securities listed on the New Zealand Stock Exchange. The most well-known index is the NZX 50, which is a market capitalization-weighted index comprising the largest... New Zealand equity mutual funds and ETFs own securities listed on the New Zealand Stock Exchange. The most well-known index is the NZX 50, which is a market capitalization-weighted index comprising the largest 50 stocks on the market. New Zealand equity mutual funds and ETFs tend to have very large weightings in health care, industrials, and utilities. Some of the largest companies include Fisher and Paykel Health Care, Auckland International Airport, and Spark New Zealand. These funds may be passively or actively managed. They may also leave currency exposure unhedged, or choose to protect the portfolio from swings in the value of the New Zealand Dollar. New Zealand’s economy, the world’s 51st largest by nominal Gross Domestic Product as of 2022, is characterized by a focus on trade (especially with Australia), a rapidly growing IT sector, and a reliance on services. Investment as a share of GDP was 28.1% as of 2022, well above the long-run average of 22.6% going back to 1987. Wood, dairy products, and fruit are key exports. As a developed market economy, New Zealand equity mutual funds and ETFs are often purchased by conservative-minded investors. Last Updated: 04/26/2024 View more View less