WisdomTree, the issuer behind a number of popular international debt ETFs, followed through today on the previously announced conversion of its Dreyfus New Zealand Dollar Fund (previously traded under the ticker BNZ) to the Australian & New Zealand Debt Fund (AUNZ). The revised fund will continue to be actively managed, with the investment objective changing to focus on bonds denominated in the local currencies of Australia and New Zealand. While there are now a number of international bond ETFs, AUNZ is yet another ETF first; the fund becomes the first to focus exclusively on the two developed Pacific economies. Aussie Dollar On A Roll Australia and New Zealand also represent two developed economies that have largely managed to avoid the deterioration of fiscal health that has plagued the U.S. and Western Europe. Both countries are rich in natural resources, and that commodity wealth in a major reason for the relatively [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: All In Green Van Eck Launches Dim Sum Bond ETF Using ETFs To Build A Complete Bond Portfolio International Bond ETFs: Cruising Through All The Options WisdomTree Tweaks Seven Equity ETFs