New Zealand

New Zealand mutual funds and ETFs invest in a wide range of... New Zealand mutual funds and ETFs invest in a wide range of asset classes in New Zealand. Depending on their mandate, these funds may invest in equities, fixed income, commodities, and alternatives. However, equities are the most common asset class. These funds cover a wide range of stocks across all sectors of the market as well as market caps and share classes. These funds can be indexed or actively managed. 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 mutual funds and ETFs are often purchased by conservative-minded investors. Last Updated: 09/22/2023 View more View less

New Zealand mutual funds and ETFs invest in a wide range of asset classes in New Zealand. Depending on their mandate, these funds may invest in equities, fixed income, commodities, and alternatives. However,... New Zealand mutual funds and ETFs invest in a wide range of asset classes in New Zealand. Depending on their mandate, these funds may invest in equities, fixed income, commodities, and alternatives. However, equities are the most common asset class. These funds cover a wide range of stocks across all sectors of the market as well as market caps and share classes. These funds can be indexed or actively managed. 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 mutual funds and ETFs are often purchased by conservative-minded investors. Last Updated: 09/22/2023 View more View less