ETFs phone home: a stellar year for Smartshares

In the past year, Smartshares has expanded its ETFs portfolio from 5 ETFs focussed purely on New Zealand and Australian shares, to 23 globally diversified funds across the main investment asset classes of cash, bonds, shares and property. As the pioneer of ETFs in New Zealand, Smartshares is committed to developing a market that provides investors with a range of diverse, low-cost and easily accessible investment options.

NZX’s goal for Smartshares has been to develop building blocks that enable New Zealand investors to easily construct a personalised, low-cost, globally diversified portfolio.

With the new range of ETFs on offer, an investor can build their portfolio using New Zealand dollars, and benefit from the tax efficiency of the PIE regime that caps tax on distributions at 28%.

What is an ETF?