Commonwealth Australia/New Zealand Fund (CNZLX)
Commonwealth Australia/New Zealand Fund operates in the Asset Management industry of the Financial Services sector, headquartered in Houston, TX, US. The stock last traded at $13.29, down 0.30% on the session, giving a market capitalisation of $13.6M. Its beta of 0.90 implies it has historically moved less than the broad market.
This fund typically dedicates a minimum of 80% of its investable capital to acquiring equity instruments and various forms of depositary receipts—such as American (ADRs), Global (GDRs), and European (EDRs)—issued by companies whose primary business operations or economic interests are linked to Australia and New Zealand. The portfolio also has the flexibility to invest in shares of other collective investment vehicles, including open-end funds, closed-end funds, and exchange-traded funds (ETFs). Additionally, the fund is authorized to utilize derivative transactions.
Commonwealth Australia/New Zealand Fund is most often compared with the following Financial Services names: