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Pairs Trade: New Zealand ETF Vs. Australia ETF

The iShares MSCI New Zealand Capped ETF (NYSEARCA:ENZL) has outperformed its sister ETF, the iShares MSCI Australia ETF (NYSEARCA:EWA) over the last five years, with a very well-defined descending channel. The New Zealand ETF has a better distribution of sector allocation, with higher allocation to defensive sectors, an advantage in a slowing global economy. More...

by Steve Auger