Sharesies KiwiSaver adds multiple-base fund selection
When Sharesies launched its self-select KiwiSaver scheme last November, members had to choose between one of five base fund options, ranging from conservative to high
growth, and could also invest up to half their portfolio in individual company shares and ETFs. This year Milford Aggressive Fund was added and there are plans to add more, says Sharesies head of Kiwisaver Matt Macpherson.
Now customers can invest as much or as little as they like of their KiwiSaver portfolio in each base—provided they total at least 50% of their investment plan,
“It’s important we make it possible to spread contributions across multiple base funds. We’ve had lots of requests for this and we’re prioritising the features that are important to our members.”
Virtually no-one is going to say they want all six, says Machpherson who envisages customers choosing two or three. “But they may want a bit of Milford and a bit of Pathfinder. It enables more personalisation. Our whole thing is about control.”
Click the button below to subscribe and will have free unlimited access for a limited time to full article and all other articles on the site.
You will also be able to comment on articles on Good Returns.
