The only New Zealand ADR listed in the NYSE is Telecom New Zealand (NZTCY). Currently NZTCY pays a dividend yield of 8.66%. For US investors, there is no country-specific ETF or other funds for investing there.New Zealand stocks generally have excellent yields and the country was not impacted adversely by the credit crisis.The average dividend yield of NZX 50 index is about 5%. In mid 2008 it averaged about 8%. The banking system is sound and there are many high quality companies that reward long-term investors handsomely.
Many of the companies of New Zealand recently listed their stocks in the OTC markets. Since these stocks are new to the US markets they are very thinly traded. The following is the complete list of all New Zealand ADRs traded in the OTC markets either in the sponsored or unsponsored category:
Air New Zealand ANZFY
Travel & Leisure
Auckland International Airport ACKDY
Travel & Leisure
Cavalier CVLRY
Construct.&Materials;
Contact Energy COENY
Electricity
Fisher & Paykel Appliances FPAHY
HouseGoods&HomeConst;
Fisher & Paykel Healthcare FSPKY
HealthCareEquip.&Ser;
Fletcher Building FRCEY
Construct.&Materials;
Freightways FTWYY
Support Services
GuocoLeisure GUORY
Travel & Leisure
Hallenstein Glasson HLSTY
General Retailers
Hellaby HLYHY
Financial Services
Mainfreight MFGHY
IndustrialTransport.
Methven MTHVY
HouseGoods&HomeConst;
Michael Hill International MXRHY
General Retailers
New Zealand Oil and Gas NZEOY
Oil & Gas Producers
Nuplex Industries NPXIY
Construct.&Materials;
NZ Farming Systems Uruguay NZFSY
Food Producers
PGG Wrightson PGWFY
Financial Services
Port of Tauranga PTAUY
IndustrialTransport.
Property for Industry PYIYY
RealEstateInv.Trust
Pumpkin Patch PUPKY
General Retailers
Rakon RAKNY
Mobile Telecom.
Sanford SARDY
Food Producers
Skellerup Holdings SKLUY
Construct.&Materials;
Sky City Entertainment Group SKYZY
Media
Sky Network Television SKKTY
Media
The New Zealand Refining NZRFY
Oil & Gas Producers
Windflow Technology WFLWY
Industrial Engineering
Some of the above stocks are part of NZX 50 Index, the main stock market index. For more details on this index, go here.
