The fund market "down under" is anything but, as the Australia/ New Zealand fund market has been garnering positive attention as of late due to the region's prospects.

Often thought of for its breathtaking landscapes, exotic wildlife and colorful culture, Australia and New Zealand have been catching the eye of some fund managers lately. They are less concerned with kangaroos, dingoes or "shrimp on the Barbie", and more interested in the potential bargains to be found in the region. As the bear market has dragged on, managers have been scavenging every outpost in hopes of finding compelling stock picks.

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