New Zealand ETF Fights Strong Kiwi, Hits New Highs
May 02, 2014 at 12:55 PM EDT
The New Zealand dollar has gained 6.6% against its U.S. counterpart since early February. In theory, kiwi strength should be hampering New Zealand equities. In reality, the opposite is true as the iShares MSCI New Zealand Capped ETF (NYSEArca: ENZL) is up almost 17.5% this year. On Friday, ENZL,...