Kiwi Wealth launches managed funds
Kiwi Wealth has launched a new range of managed funds that it says will allow more New Zealand investors another way to access an actively managed portfolio.
Thursday, September 26th 2019, 6:00AM
The three funds, conservative, balanced and growth, have a $500 minimum investment and can be opened online.
They will be invested in shares, fixed interest and cash investments.
Melissa Vasta, Kiwi Wealth head of product, said improving access to investment options, as well as quality financial advice, was essential to building wealth for all New Zealanders.
“We’ve launched this product because there are too few good options available for everyday Kiwis to easily access an actively-managed portfolio. The initial investment threshold is too high, they’re too expensive or too inflexible.
“Investors in our managed funds will also have the benefit of knowing their money is managed by our Kiwi Invest team, right here in New Zealand. The same people that manage money for our high net worth, private portfolio and superannuation clients.”
The DIY platform for the funds would keep the costs low and give investors more control, she said.
“These fund will also appeal to those who already have investments for retirement locked away in KiwiSaver but are looking to diversify risk and opportunity outside the New Zealand market, or who are investing toward other life goals, such as buying a property or setting money aside for the kids’ future.
“This new offering is all part of our company mission, to help all New Zealanders build wealth by giving them the tools, advice and financial products to make good decisions with their investments.”
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