The iShares ETF focused on New Zealand (ENZL) has one of the more balanced sector representations of any of the individual country ETFs. When we have checked on this in the past, no individual sector represented more than 20% of the ETF. Only the information technology and energy sectors had little representation as a result of the lack of many large public companies in these areas. This ETF has historically been weighted towards the top few holdings which have included Spark New Zealand (telecommunications), Fletcher Building (materials) and Auckland International Airport (industrials).