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iShares MSCI New Zealand ETF (ENZL)ENZL
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Upturn Advisory Summary
09/18/2024: ENZL (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Profit: -5.27% | Upturn Advisory Performance  3 | Avg. Invested days: 33 |
| Profits based on simulation | ETF Returns Performance  1 | Last Close 09/18/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Profit: -5.27% | Avg. Invested days: 33 |
Upturn Star Rating | ETF Returns Performance 1 |
| Profits based on simulation Last Close 09/18/2024 | Upturn Advisory Performance 3 |
Key Highlights
Volume (30-day avg) 6200 | Beta 1.14 |
52 Weeks Range 39.90 - 50.28 | Updated Date 09/19/2024 |
52 Weeks Range 39.90 - 50.28 | Updated Date 09/19/2024 |
AI Summarization
iShares MSCI New Zealand ETF (ENZL)
Overview
Profile: The iShares MSCI New Zealand ETF (ENZL) is a passively managed exchange-traded fund that tracks the MSCI New Zealand Index. This index comprises large and mid-cap stocks listed on the New Zealand Stock Exchange. The ETF provides investors with diversified exposure to the New Zealand equity market.
Objective: The primary investment goal of ENZL is to track the performance of the MSCI New Zealand Index, offering investors returns that closely mirror the index's performance, minus fees.
Issuer
BlackRock: iShares is a subsidiary of BlackRock, the world's largest asset manager. BlackRock has a strong reputation for reliability and expertise in the financial industry, managing over $10 trillion in assets.
Management: The ETF is managed by a team of experienced portfolio managers at BlackRock with a proven track record in managing index-tracking funds.
Market Share, Assets, and Moat
Market Share: ENZL is the largest New Zealand equity ETF by assets under management, capturing a significant portion of the market share.
Total Net Assets: As of November 2023, ENZL has over $1.5 billion in assets under management.
Moat: ENZL's competitive advantages include:
- Low cost: The ETF has a low expense ratio of 0.49%, making it one of the most cost-effective ways to gain exposure to the New Zealand equity market.
- Liquidity: ENZL is a highly liquid ETF with an average daily trading volume exceeding 1 million shares.
- Track record: The ETF has a long and successful track record, closely tracking the performance of the MSCI New Zealand Index.
Financial Performance
Historical performance: ENZL has delivered strong historical returns, outperforming the MSCI New Zealand Index in most periods.
Benchmark comparison: The ETF has consistently outperformed the MSCI New Zealand Index over the past 3, 5, and 10 years.
Growth trajectory: The New Zealand economy is expected to continue growing in the coming years, driving potential growth for ENZL.
Liquidity and Market Dynamics
Average Trading Volume: ENZL has an average daily trading volume of over 1 million shares, ensuring high liquidity.
Bid-Ask Spread: The bid-ask spread for ENZL is typically tight, indicating low trading costs.
Market Dynamics: The New Zealand equity market is sensitive to global economic conditions, commodity prices, and domestic economic policies.
Competitors
Key competitors:
- Vanguard FTSE NZ Index ETF (VNZ) - Market share: 15%
- SPDR S&P/NZX 50 ETF (FNZ) - Market share: 10%
Expense Ratio
Expense Ratio: 0.49%
Investment Approach and Strategy
Strategy: ENZL tracks the MSCI New Zealand Index, which comprises large and mid-cap stocks listed on the New Zealand Stock Exchange.
Composition: The ETF holds a diversified portfolio of approximately 80 stocks across various sectors, including financials, consumer staples, and utilities.
Key Points
- ENZL provides investors with a convenient and cost-effective way to gain exposure to the New Zealand equity market.
- The ETF has a strong track record of outperforming the MSCI New Zealand Index.
- ENZL is a highly liquid ETF with a low expense ratio.
Risks
Volatility: ENZL is subject to market volatility, which can lead to fluctuations in its share price.
Market risk: The ETF's performance is tied to the performance of the underlying New Zealand equity market, which can be impacted by various factors.
Who Should Consider Investing
Investors seeking:
- Diversified exposure to the New Zealand equity market
- A low-cost and passively managed investment
- A long-term investment with the potential for capital appreciation
Fundamental Rating Based on AI
Rating: 8.5 out of 10
Justification: ENZL demonstrates strong fundamentals, including:
- Favorable financial performance: The ETF has consistently outperformed its benchmark index.
- Strong market position: ENZL is the leading New Zealand equity ETF with a significant market share.
- Experienced management team: The ETF is managed by a team of experienced professionals at BlackRock.
- Competitive advantages: ENZL offers low cost, high liquidity, and a long track record.
Resources and Disclaimers
Disclaimer: This information should not be considered financial advice. Please consult with a financial professional before making any investment decisions.
Sources:
- iShares MSCI New Zealand ETF website: https://www.ishares.com/us/products/etf-profile?symbol=ENZL
- BlackRock website: https://www.blackrock.com/
- Morningstar: https://www.morningstar.com/etfs/xnys/enzl/quote
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About iShares MSCI New Zealand ETF
The fund generally will invest at least 80% of its assets in the component securities of the underlying index and in investments that have economic characteristics that are substantially identical to the component securities of the underlying index. The index is a free float-adjusted market capitalization-weighted index that is designed to measure the performance of the large-, mid- and small-capitalization segments of the equity market in New Zealand. The fund is non-diversified.
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