Sharesies expands

From mid-July, Sharesies investors will have access to all companies listed on the NZX main board alongside its current share offerings in exchange-traded funds (ETFs) and managed funds.

Sharesies co-founder Leighton Roberts said the company was founded to make it more accessible for people to grow their wealth.

“We’re excited to bring NZX-listed companies to our platform and make this accessible for our investors.  It’s important more Kiwis get equal access to investment opportunities with whatever amount they can afford.

“Currently only 20% of Kiwis invest in shares, with savings accounts and property being the most common investments. There are a lot of barriers in the way of investing in shares.  We’ve spent the last six months working with NZX to become a market participant so we can give Kiwis even more access to the benefits of the share market, something we think is hugely important now more than ever given New Zealand’s current low-interest environment."