New Zealand ETF Higher After Hike
March 13, 2014 at 11:24 AM EDT
Shares of the iShares MSCI New Zealand Capped ETF (NYSEArca: ENZL) are higher by 1.8% in midday trading Thursday, the first U.S. session after the Reserve Bank of New Zealand became the first developed market central bank to raise interest rates. RBNZ hiked its official cash rate to 2.75% from...