ETFs popular with direct clients
Index funds are the top seller at InvestNow so more products have been added to the shelf.
Wednesday, March 20th 2019, 9:25AM
InvestNow, has added five index products to its range, bringing the total of Smartshares products on its shelves to 12.
Mike Heath, InvestNow general manager, clients were asking for more choice, and the five new funds were selected by way of a survey of the platforms 11,000 members.
The new Smartshares ETFs added are: Emerging Markets Fund (EMF); NZ Dividend Fund (DIV); NZ Property Fund (NPF); US Large Growth Fund (USG); and, US Mid Cap Fund (USM).
“Four of the seven existing Smartshares ETFs on InvestNow were slanted to Australasian equities along with funds targeting global, European and top 500 US stock indices,” he said. “But with five extra asset classes to choose from our investors can develop more-nuanced portfolios tailored to their own risk profiles and preferences.”
Heath said Smartshares, and passive funds in general, were popular on the InvestNow platform as clients sought cost-effective exposure to different asset classes.
As well as the dozen Smartshares ETFs, InvestNow offers two Vanguard unlisted passive funds and four from AMP Capital.
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