So basically Superlife got the most function and investment option. The annual subscription fees ($30/year) are the highest for small investors which may discourage some to join, especially when InvestNow and Smartshares offer the same funds without a subscription fee. To put my money where my mouth is, over 90% of my investment are in ETF and Index Fund. ANZ offers six KiwiSaver plans and a handy Lifetime Option for investors. This varies depending on the fund you choose — as a general guide, expect to pay anywhere between 0.2% and over 3%. Certain funds not marked as “sustainable” may make investments in companies trading in weapons, tobacco, nuclear and other “unethical” business. CORE SERIES; S&P/NZX 50 ETF (NZG) S&P/ASX 200 ETF (AUS) US 500 ETF (USF) TOTAL WORLD ETF (TWF) TOTAL WORLD (NZD HEDGED) ETF (TWH) S&P/NZX NZ GOVERNMENT BOND ETF (NGB) Finder is committed to editorial independence. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. "We want all New Zealanders to know investing is an option for them. Hi guys, Looking to start investing but there are soo many apps and platforms in NZ alone! … InvestNow doesn’t charge any transaction fees, but you’ll need to pay a fee to the fund manager. They’re designed to make it easy to invest in shares, exchange traded funds (ETFs) and managed funds — but how do you know which of these investing platforms is the best choice? For example, if you receive a $100 dividend and the ETF is currently priced at $2.00, your ETF will buy 50 more Sharesies on your behalf. We link to other websites throughout this website, but take no responsibility for the content they publish. Given the low fees an index fund charges and the reliability in outperforming active funds, it's a relatively conservative approach to investment for your retirement. Simplicity and Smartshares both offer ETF-based investments. As an alternative. While we are independent, we may receive compensation from our partners for featured placement of their products or services. Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve. However, there are other easy-to-use share-trading platforms, such as Stake, that let you buy US shares from New Zealand. You can trade shares in more than 165 companies and ETFs listed on the New Zealand Stock Exchange (NZX), including well-known names like Spark and The A2 Milk Company. The fees for these Vanguard ETFs are not as transparent as the Smartshares funds on Sharesies. InvestNow is a New Zealand-based investment platform that provides online access to KiwiSaver, Managed Funds and Term Deposit investment options. NZ shares: Sharesies vs InvestNow vs Smartshares Finder is committed to editorial independence. Now InvestNow added SmartShares ETF into their offerings, it further lower the cost of US500 ETF. Invest Now, which launched in March and is in the process of buying Rabo Direct’s managed funds business, has over $100 million under management. NZX exchange-traded funds business Smartshares has ticked over $2 billion in funds under management. You can set up a Kids Account for someone under 18, but it will need to be linked to an adult’s account. There are now more than 60,000 New Zealanders invested in Smartshares, either directly or via its SuperLife KiwiSaver business, or through financial advisers and investment platforms, Sharesies and Invest Now. This means there is no annual fee to hold Smartshares (Simplicity and Sharesies both charge $30 per year on top of their fund management fees - the $30 Smartshares establishment fee is a one-off). Index Funds, ETF, SmartShares, Sharesies, Hatch, Investment There has been a sudden interest in the share market and it has me worried. BNZ offers six KiwiSaver funds for different risk profiles, including a unique First Home Buyer Fund. So, this uses up some of the cash received from underlying company dividends as well. All indexes are now at record highs, but this is no guarantee of future earnings. Sharesies may not be for everyone. What are the differences between those available platforms? As is the case with any index fund or equities investments, markets go up and down. What Happens If Your Investing Platform Shuts Down? The funds available are offered by Pathfinder Asset Management (an. Put your money where your heart is. Sonya and Brooke launched Sharesies in June this year to remove some of the complexities around investing and help young New Zealanders grow their money. Sharesies is again the highest cost provider across pretty much all time ranges. We update our data regularly, but information can change between updates. It created New Zealand’s first ETF in 1996 and is headquartered in Auckland. Sharesies is a Wellington-based platform that offers you access to over 170 companies listed in New Zealand. The fees vary, as does the minimum investment, and as more entrants come to the market, we expect the fees charged to fall as competition heats up. The two other funds offered by Sharesies are run by Pathfinder, a fund manager which specializes in socially responsible funds. Other funds invest in 500 or more companies, meaning you are well diversified. They charge an admin fee, but have a nicer front end than NZX and are a little more flexible. you. Meanwhile, Smartshares also offers access to a wide range of 35 ETFs. Sharesies is a great advancement for New Zealanders of all ages looking at an affordable way to enter the sharemarket locally (and overseas) without their investment being eaten up in brokerage fees. Want to compare Sharesies with Hatch and Stake for US Shares? However the benefits are numerous, including easy-to-track apps, a community focused on investor educations, and continuous roll-out of new features. There’s no joining fee, meaning every dollar you invest goes directly to your Smartshares holdings. Confirm details with the provider you're interested in before making a decision. InvestNow offers access to more than 140 funds from over 20 NZ and global fund managers, including: You can choose from a regular investment plan or a one-off investment, and access funds that target international shares, listed property, fixed interest and more. While most funds are free to buy and sell, to get the most out of index funds you’re looking at a 5-10 year investment plan. When you invest with Smartshares, you’ll need to pay a one-off establishment fee. For example, the NZ Top 50 Sharesies fund invests in the 50 largest New Zealand listed companies, so you are well diversified. The benefits of Sharesies is that investments can be as little as $5, but for a serious investor willing to contribute at least $1,000 a year to their fund, the free fee offering from. You’ll need to be at least 16 years of age and have an NZ bank account. ​Our priority is accurate information. This is the best way to increase the value of your investment. Sharesies vs InvestNow vs Smartshares: How much does it cost to invest? In this guide, we outline what Sharesies is, what funds and shares they offer to the Kiwi investor, the pros and cons of Sharesies and fees. We like the Pathfinder funds as alternatives for socially-minded savers, but the Smartshares offering now includes a number of sustainable funds. Which means that there are now over 60 US Vanguard funds available on their platform. This means you can buy 1 cent of an A2 Milk share or Air New Zealand share. To buy and sell shares on the NZX, you’ll need to pay a 0.5% transaction fee on orders up to $3,000, while an additional 0.1% fee applies to amounts above $3,000. The Dotcom bubble in the early 2000s sank global indexes, as did the 2008 Global Financial Crisis. The other funds contain New Zealand and overseas heavyweights, including defence/arms manufacturers and oil drillers. Sharesies provides access to over 30 ETFs on the NZX, as well as ETFs from the New York Stock Exchange (NYSE), Nasdaq, and the Chicago Board Options Exchange (CBOE). Back the companies you believe in. Here is the table. The choice is more limited with Sharesies, where you can invest in a total of eight funds from the following fund managers: Sharesies doesn’t charge fees on managed funds, so you’ll need to check with the fund provider for details of all costs involved. Your simple guide to the S&P/ASX 200, how it works, and how to invest in this benchmark index from NZ. Sharesies. Sharesies and Smartshares both allow you to invest in ETFs. NASDAQ, NYSE, BATS, Chicago Stock Exchange, and more. There is no subscription fee for anyone with a portfolio balance below $50. This means that if our dollar rises against any overseas currency your Sharesies has investments in, the value of the overseas investment does not reduce due to the hedging in place. Through Sharesies you can buy and sell shares in over 2,300 US companies listed on the New York Stock Exchange (NYSE), Nasdaq, and the Chicago Board Options Exchange (CBOE). The only fees they will pay are those set by the funds in which they invest. Smartshares - these are a sharemarket or equity investment. Enough already, let us move on. Here’s everything we know so far about the Innoviz Technologies IPO. Our, Want to compare ETFs with shares? NZX Funds Management own and run Smartshares. For this reason, only specified socially responsible funds are indeed suited to certain socially-minded investors. Making your initial investment in Sharesies is very straight forward for even the most inexperienced investor. We may receive compensation from our partners for placement of their products or services. China, ... a platform offering around 120 funds, and Sharesies, a platform offering around 40 funds. N/A (although there is a $250 minimum investment). We welcome your stories, tips and any feedback via. I've made a table to compare four investment service in NZ. Because of this, we’re required to pay 28% tax on a deemed dividend of 5%. Sharesies is a very simple service that buys from the NZX Smartshares portfolio, but only a subset of them. However, an annual $30 subscription fee applies, whereas members of. If you’d like to make regular contributions to your investment portfolio, Sharesies makes it easy. From the perspective of user experience, Sharesies goes beyond all expectations and delivers a friendly platform that is rich in design while making investments easy. Both platforms make their money by charging fund managers for hosting their funds. No minimum investment or monthly fees. In a nutshell, Sharesies is the most expensive platform in its class for small investors. For a quick breakdown, check out the table below. Fund Platforms are services that offer you access to a variety of different funds to invest in, sometimes described as a “Fund Supermarket”. Sharesies, InvestNow and Smartshares are three well-known online platforms that aim to help Kiwis grow their wealth. To buy US shares, you’ll need to convert your NZ dollars into US dollars. Invest in more than 3,500 US companies and exchange-traded funds (ETFs). Secondly, Smartshares US 500 invests into a foreign investment fund (FIF). It's quick to sign up. Invest in environmentally and socially responsible global equities, megatrends and passive global bonds for the first time with Smartshares. We’ll look at the fees, features and available markets each provider offers to help you find the right investment service for your needs. Overtaking the InvestNow FNZ fund at around the $15,000 mark. An index fund is different to many other managed funds, which have investment managers working to predict market movements and make investments on your behalf to add value to your portfolio. Wholly owned by NZX, Smartshares provides access to dozens of ETFs. While we receive compensation when you click links to partners, they do not influence our content. For example, while you can use Sharesies to invest in shares, ETFs and managed funds, InvestNow provides access to managed funds and term deposits. If you are an active or aggressive saver/investor and want a fund manager to continuously pick shares or other securities for short/medium term investment, Sharesies is not for you. Over 100 managed funds from a number of NZ and global fund providers. Many of the shares your fund invests in will pay dividends. Sharesies have the same management fee with SmartShare, but they charge $30/year on admin fee. Sharesies runs a subscription fee to use their platform, starting at $1.50 per month to use its platform for balances over $50. I am noticing that there is a cohort of investors frantically rushing to invest in shares to “make the most” of this current crisis. Some of the ETF issuers are (click each o… US 500 ETF at low contribution After providing proof of ID and address, you’ll need to decide your initial investment and what fund to pick. Sharesies does charge an annual fee of $30 (or $18-$36 per month, depending on portfolio size), so it’s better if you can invest at least $1,000 to spread the fee further. Which one is the most secure or safe if I wanna put my money in there for say (just wondering, not my intention) retirement or like 10+ years long term. Electric vehicle (EV) stocks to watch and how to invest, Review: Interactive Brokers online share trading broker, From $0 to $3, depending on the value of your portfolio, 0.5% for orders up to $3,000 and 0.1% for order over, 0.4% exchange fee when you change NZ dollars into US dollars. We are a journalistic online resource with the aim of providing New Zealanders with the best money guides, tips and tools. In rare instances, a provider will change a price or product before we've had a chance to update our information; double check prices first before making any decision. If you’re looking to trade US stocks from NZ, the most direct way of these to do so is via Sharesies. Fee amounts and pricing structures vary depending on the platform you choose. The information on this website does not constitute financial advice in any form. Sharesies vs. Smartshares vs. Hatch. The Wellington-based platform offers investment into over 170 NZX-listed companies and 35+ managed funds, with subscription fees starting at $1.50 per month for balances over $50. The great thing with sharesies is that it gives you access to buy investments from as little as $5 (compared with InvestNow’s $250 minimum, or $50 when recurring). Optional, only if you want us to follow up with you. This guide features a Sharesies vs InvestNow vs Smartshares comparison. InvestNow is an online investment platform based in Wellington. Please appreciate that there may be other options available to you than the products, providers or services covered by our service. Great for beginner to start because of low entry requirement. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. You get up to date data that tells you details like increases or decreases in value from the previous day and monthly returns. ... (e.g. For example: An investment in one Sharesies fund means you’re putting money into a number of companies, so if one doesn’t perform as expected the strength of other companies will balance out the bad eggs. We compare the PlayStation 5 and Xbox Series X, including specs, design, controllers and games. Sharesies charges a 0.4% currency conversion fee, while the following transaction fees apply in USD: InvestNow and Smartshares don’t allow you to buy shares in US companies directly, but they do offer exposure to US stocks through managed funds and ETFs, respectively. These include: Smartshares charges a $30 setup fee when you first apply, while annual management fees vary depending on the fund you choose and range from 0.20% to 0.75%. We are not a product issuer, credit provider or financial advisers nor are we a credit intermediary or broker. 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