URTH - ENZL: 3 Reasons To Overweight New Zealand Vs. Other International ETFs
As the coronavirus outbreak ripples across the world, its impact started intensifying with global stock markets (except the U.S.) being decimated over the past month, particularly those that are highly dependent on China and/or crude oil prices. For international ETFs, a strengthening U.S. dollar further exacerbated their downside due to the unhedged currency exposure.
As of 2/25/2020 * annualized
As shown above, aside from Canada (EWC) which is barely flat, all major country/region ETFs have suffered a year-to-date decline thus far. Meanwhile, in the bigger picture, despite being negative this year, New Zealand